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October 07. 2013 12:52PM

A decade of lower property values, lower family incomes, and an unchecked rise in city spending

The city’s total expenditures have climbed from $181 million in 2003 to $235 million in 2012. Meanwhile, family incomes began dropping at exactly the same point, sinking from a median family income of about $84,000 in 2008 to $60,923 last year.

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