Can the mayor of a city take some taxes and turn them into bonds? So that when the limit they are reached it will lower taxes? Instead of this quarter of a cent increase crap.

Comments

• someguy3@lemmy.world ⁨10⁩ ⁨hours⁩ ago

  What?

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• nomecks@lemmy.wtf ⁨7⁩ ⁨hours⁩ ago

  Cities normally aren’t allowed to run a defecit or surplus, so there’s not normally tax revenue to do something like this.

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• StabbingSky@lemmy.zip ⁨17⁩ ⁨hours⁩ ago

  Bonds are loans the government takes out and repays through taxes.

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