Measure U passes, but businesses remain divided

Parking lot of Easter Hill United Methodist Church polling site. Vote sign in multiple langues.

The change in the tax code could increase the city’s revenues by nearly $6 million dollars, according to a financial analysis by the city attorney. The city, according to a finance department presentation from October 6, is currently operating on a $6 million deficit.

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City forced to increase debt, rethink its finances

Last week, Richmond’s City Council faced a painful choice between paying a $30 million bond termination fee or taking on an extra $10 million in debt over the life of the bond. Neither of these options help the city handle its deficit, but council members opted for continuing payment through the life of the bond.

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