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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Joe McQuaid's Publisher's Notes: Cover your ears, little children, Uncle Stacey has a story that will shock the news media