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Parking Lot Tax
The City discussed revisions to the parking lot tax, including rate adjustments and a $10 million reduction in projected revenue for the 2025 budget. To offset this revenue loss, the city plans to reduce infrastructure spending by $10 million and shift funding for certain projects from cash to debt financing. The committee recommended these changes to the council, with further review scheduled for July 2025.
budgetinfrastructuregovernance