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Home and commercial-property values have plunged in recent years, reducing Phoenix property-tax revenue used to pay for some capital projects.
Now, city staffers are asking the City Council to consider shelving some or all of the remaining property-tax-funded projects - from a $4.7 million Ahwatukee Foothills fire station to a $1.6 million police driver’s training facility - to avoid piling on the debt. more…