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Someone did the math and even a decade of max tax increases won't be enough to save the city. A better option is to freeze tax increases & negotiate with employees, retirees & other creditors to cut the cities obligations to a sustainable level. As tax revenue increases by rising home values & growth in the business community we'll become a desirable city to move to. If it doesn't stop the bankruptcy we'll be going into receivership at a much better position. So far the only stakeholders that have carried the burden have been the taxpayers. Hopefully Mayor Solomon can engage the rest of the stakeholders to come together & save Warwick & themselves.
Of course, we all know it won't happen.
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