Monday, December 1, 2008

Mayor Tauer spells out the issue

Mayor Ed Tauer addressed the crowd at the AMC, spelling out the structural revenue issue. Selected quotes:

"We have what we call a structural budget issue. I don’t know what a better word for it is.

It says that in the city of Aurora, like most cities, expenses are rising more rapidly than our revenues are.

So we’re essentially being attacked from both sides.

So far, this is a really rosy picture, I know, but there is a way out of it.

The bottom line is if we’re going to get out of it, it’s going to take bold action."

Suggested remedies include creating special districts, levying new property taxes and finding new ways to encourage business development in the city.

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