Thursday, September 19, 2019

Swimming in debt - through growth

Someone might want to hand the Argus Foundation a clue:

If growth pays for itself, as we’ve so often heard in Central Florida, then local governments like Sumter County — the epicenter of The Villages’ development — must be swimming in cash. 
Instead, it’s acting like a government drowning in the costs of growth.
Sumter is so desperate for money that its five Republican county commissioners look ready to vote next week for a whopping 25.6% increase in the current property tax rate. - Orlando Sentinel

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