The issue really rests on getting some relief from the state. The city also should end the practices of offering tax breaks, called tax-increment financing, to developers. The city should be able to survive a couple of years before the situation becomes critical, but by then, he hopes the city's economic development projects begin to generate tax revenue.
Nobody wants to raise taxes.
I'm looking for other solutions. The city has made great strides to improve its financial health, including cutting expenses, but the situation is now at a crucial point. Political leaders must make the tough choices to solve an ongoing problem. It's a gigantic challenge. Taxes should not be raised, but the city's revenue base should be expanded through economic development.