Capital projects may be curtailed due to lower real estate revenues
REET receipts are down by 70%
Share
Tweet
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...
For access to this article please
sign in or
subscribe.
Reader Comments(0)