The rating agency cited volatile sales tax collections and
Fitch's report also said the city's persistent financial problems also contributed to the downgrade.
Although a lower credit rating means higher interest rates on future bonds, the change won't likely affect
Currently, each business that lies within the district's boundaries must fill in a code on their tax forms in order for
But the district isn't allowed to view the forms to see who is and who isn't filling them out properly. Adding the code doesn't increase a business's tax. It just means tax dollars intended for
Not having access to the forms might explain why the district's tax revenue fluctuates so often, McCusker said.
Over the past few years,
The new agreement being worked out between the district and the
While sales tax always ebbs and flows with the economy, McCusker hoped the change would result in more predictable sales tax receipts.
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