Williamsburg Independent Editor George Arbogust talks about recent post by contributor Dr. Bob Wilson, which provided detailed review of Williamsburg FY25 Annual Financial Report. While many see smooth sailing for city finances, Bob warns that storm clouds may be ahead. For example, he points to an increasing per capital spending and debt as examples that the city may ultimately be living beyond its means. Check out his full article for even more details.
Commentary on Williamsburg's Recent FY25 Annual Financial Report
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While the tax rate has remained steady, quickly rising real estate assessments have driven up the City's tax revenue from real estate taxes. Meanwhile, city spending has certainly kept up.
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