Rosenthal: Increase necessary to end deficit spending; utilities still subsidizing general fund
The City of Lake City has tentatively approved a tax increase for the upcoming fiscal year even though property values continue to rise and bring additional revenue to the city without a tax hike. (TONY BRITT/Lake City Reporter)
The new Lake City manager said a proposed tax increase is “absolutely” needed for infrastructure work and to move the city away from its history of deficit spending.
That reasoning fr...
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