Street infrastructure will make Rochester financially insolvant

Here is a presentation I gave to the Rochester City Council. Interestingly Rochester is both AAA bond rated AND short of strong action faces a certain financial crisis. These 2 things are not mutually exclusive. A bond rating is an ability to repay existing bonds, not an assurance of other financial measure.

The bottom line is that the Rochester City Council as created a $1.4 Billion unfunded liability in Public Works, has not accepted that reality, has no plan for addressing this, and is actively making the situation worse. This needs to change.

To put things into perspective, we would need about a 60% property tax increase to fund the maintenance of current infrastructure. We need to get smarter…

Infrastructure Presentation

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