Below you’ll find the city’s blunt press release.
Yes, the value of all total taxable properties in the city grew to $2.7 billion — not because there’s been real growth, but because of a phase-in of property taxes. Here’s a list of the Top 10 property tax payers: Top10PDF
The grand list also took a hit because 800 fewer cars are registered in the city than were before. Meanwhile, the city has started public discussions over just how to handle its projected $40 million deficit for next year.