Structural deficit and net new construction
Summary
Finance Director Fisher explained the city can only raise its tax levy by its net new construction percentage — 1.36% last year — while costs rise about 5% a year, leaving a $4-6 million annual gap. That's why economic development and TIDs matter so much to the budget.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 11, 2026.
Impact analysis
The gap between rising costs and capped revenue is $4-6 million a year and shapes every budget decision.
New development ultimately helps fund police, fire, libraries and other services everyone uses.
Mentions & discussions (1)
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