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Chapter 9 is looming, not whether, but when. Nobody is talking about a potential death cross of property assessments and real estate comps. Look in your own areas, look how close the assessments are to asking prices of single family homes...Track the foreclosures and short sales. We are also about to become the 3rd largest city in the State; TRANSLATION: People are leaving Warwick for elsewhere. Look at the retail store vacancies...What does this all mean, you might ask? Where is the revenue going to come from to fund these future budgets? You are lucky if you have 3 people on that council who can even begin to understand the numbers involved, the rest are unsafe at any speed. Time is not on your side for solutions.
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