How does Racine’s financial future look? New report digs deep
RACINE — A growing portion of taxes paid to the City of Racine is being spent to pay down debt, a newly released analysis shows.
Racine spent more than 30 percent of the taxes it collected in 2016
on its debt, according to the study titled “City of Racine’s Fiscal
Condition: Living Within Its Means.” The analysis was released Wednesday
by the Wisconsin Policy Forum. It analyzes the city’s financial status
and strategies to determine how healthy Racine’s future looks.
https://arrestrecordsofracinewipublicofficials.wordpress.com/2018/04/06/racine-wi-a-failed-communitys-last-gasp-of-air-before-it-goes-under/
Failed.
ReplyDeleteAnd going to fall further.
There will be no redemption.
The disease is spreading to the County and the State.
The Lord...visits the iniquity of the fathers on the children and the children’s children, to the third and the fourth generation. (Exodus 34:6-7 = Deuteronomy 5:8-10)
“Because of their iniquity, and also because of the iniquities of their fathers they shall rot away like them.” (Leviticus 26:39)