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04/25/10
Phoenix council may delay property-tax funded projects
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:31 pm

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…


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