City has plan to avoid $15 million budget hole City Council to monetize future debt
The City Council on Wednesday addressed the looming $15 million budget hole created by a Military Ocean Terminal (MOTBY) development deal breaking down last month. The council voted 3-1-1 in a decision to allow business administrator Joe DeMarco to gauge the market for the cityโs future assets. The Port Authority bought a portion of MOTBY …
Continue reading “City has plan to avoid $15 million budget hole
City Council to monetize future debt
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