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I've been traveling a lot lately & haven't really looked at my neighborhood lately. This morning I was driving with my wife & I commented "wow 3 For Sale signs on our street. I've never seen that many on our street." Then I saw a 4th For Sale sign. I think I live in a pretty desirable working class neighborhood. People are taking notice of the cities fiscal situation & are getting out. All who love living here should be very afraid.

My advice to city leadership is to depend on revenue growth from new business activity & increased property tax revenue from higher valuations, not increased tax rates. This will give existing & potential residents confidence that the city is done digging the hole. If depending on organic revenue growth doesn't generate enough free cash flow to pay the cities bills, Warwick can go into bankruptcy sooner. The city can reorganize it's debt.

The other answer is max tax increases for the foreseeable future & bankruptcy will remain an ax over the cities head for decades. Anybody else notice Moody's downgrade of the city to negative?