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In their annual budget message, a mayor announces that they are pleased that due to sound financial planning and careful budgeting, property tax rates will
In their annual budget message, a mayor announces that they are "pleased that due to sound financial planning and careful budgeting, property tax rates will not increase." Yet, the city's revenue from property taxes is expected to increase by more than according to the budget. Assuming the statement of the mayor to be correct, explain the discrepancy between the statement and the budget.
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