Stillwater mayor warns property tax cuts could threaten city's bond obligations
FY27 budget projects growth on historic manufacturing and trade activity, but mayor warns property tax proposals could put Stillwater's bonds at risk
Stillwater Mayor Will Joyce raised concerns Monday about state-level efforts to restrict property tax collections, warning that cuts to that revenue stream could leave the city unable to repay bonds already issued to fund city projects.
"It certainly sounds like they're getting close to making decisions that they don't fully understand the consequences," Joyce said.
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