OSAGE COUNTY (KSNT) – Local schools, townships, fire departments, libraries, city districts, cemetery boards and more are facing financial issues from late tax disbursements. Osage County Commissioner Les Holman told 27 News due to high turnover and “folks who perhaps didn’t know how to process them” tax dollars are being distributed late across the county. […]
has to decide whether to make the choice to default on some of that debt and all the while is making brutally difficult triage decisions on which spending to cut. it s led detroit mayor david bing to cut city spending by $172 million a year since taking office in 2009. the less the city spends on basic services, the less people want to live in detroit. the city s population has dropped by 5% since 2000. around 30% of detroit is vacant. the empty properties occupy an area nearly the size of san francisco. according to the washington post, property tax collections are down 20% in the last 50 years. the more the tax base shrink, the less revenue the city has. the revenue, services, and the more people leave. today the the new york times had a really eye opening front-page story about what all this means in real terms for the people of detroit. and let s remember there are still 700,000 people living there. people in detroit can no longer count on even the most basic of city services.
crucial. detroit owes creditors between $16 billion and $18 billion and finds itself in a position that anyone has ever found themselves in the quicksand of too much debt can relate to. the city is fending off demands for higher interest rates. has to decide whether to make the choice to default on some of that debt and all the while is making brutally difficult triage decisions on which spending to cut. it s led detroit mayor david bing to cut city spending by $172 million a year since taking office in 2009. the less the city spends on basic services, the less people want to live in detroit. the city s population has dropped by 5% since 2000. around 30% of detroit is vacant. the empty properties occupy an area nearly the size of san francisco. according to the washington post, property tax collections are down 20% in the last 50 years. the more the tax base shrink, the less revenue the city has.
the choice to default on some of that debt and all the while is making brutally difficult triage decisions on which spending to cut. it s led detroit mayor david bing to cut city spending by $172 million a year since taking office in 2009. the less the city spends on basic services, the less people want to live in detroit. the city s population has dropped by 5% since 2000. around 30% of detroit is vacant. the empty properties occupy an area nearly the size of san francisco. according to the washington post, property tax collections are down 20% in the last 50 years. the more the tax base shrink, the less revenue the city has. the revenue, services, and the more people leave. today the the new york times had a really eye opening front-page story about what all this means in real terms for the people of detroit. and let s remember there are still 700,000 people living there. people in detroit can no longer count on even the most basic of