Re: "raise property taxes slightly"
Raising the property taxes really won't help much. The tax rate is already pretty high at ~1.7% and a quick web search shows the property values are just the opposite with most if not all falling below $100k. Compounding that is the fact that there are only about 900 households in the village making $3M a debt over $3k each which is nearly 10% of median household income. It's pretty clear this isn't a wealthy area and it's more than likely going to result in the village being forced into receivership or bailed out by a higher/larger entity. I'm all for fining the greedy sods who put this plan into place but I don't see where even selling off the village owned real estate would cover this debt given the low real estate values.
Biting the hand that feeds IT
