City Revenues May Slow Down the Next 6 Mos

As I see more and more foreclosures everyday in the newspaper, it really worries me that the property tax collections will be below forecasted over the next six months. Couple that with lower forecasted revenues from tax titles properties and car excise tax, the City of Worcester should be careful with any additional debt.

By the way business has been very slow so far in 2007, which also may lead to lower collections. I do not know why this surprised me, but I just heard Eddy's restaurant on West Boylston St closed on Saturday. My point being that I do not think voting for items like a SkyBridge, which does have a degree of risk, should be approved at this time.