Owners of properties throughout the city have recently received some of the heftiest
tax increases levied here in the past two decades.
Residential owners, longtime owners of two and three family homes, and newer residents of the city who bought at the highest prices ever struck, have received tax increases, this, despite the city receiving more than $30 million in added in lieu of tax revenues from Wynn Resorts.
Councilor Fred Capone last week told his colleagues on the council that it would appear that bringing the casino here has not yet proven to be of any real advantage to the city, that is, other than the promise of much bigger and better things to come as the mayor is predicting. Continue reading “Mayor’s Silence Deafening When It Comes to Rising Taxes”