Capital projects may be curtailed due to lower real estate revenues
REET receipts are down by 70%
Last updated 9/18/2023 at 11:17am
The City’s budget is taking a major hit due to the slowdown in real estate sales.
REET (real estate excise tax) receipts are down by 70% year-to-date compared to 2022 and are not showing any signs of improvement.
REET is generated by the sales o...