Crystal is a Debt-Free City
Crystal has always been a debt free city – during my terms in office, the budgets always balanced and no debt was created to pay for city operations or wages. The current mayor’s declarations the city is in debt is untrue. The city is not in debt.
Street Reconstruction Bonds paid by residents – payments never made from tax revenue funds, the city is not in debt for street reconstruction, the property is in debt for its 60 percent share. Crystal pays 40 percent of street reconstruction costs and the property owners are responsible for 60 percent.
Utilize bonds and reserve funding when appropriate for long-term infra-structure improvements