Residents press council on rising bond debt as levy pressure grows At the public forum Greg Lindsey and other residents warned that multiple overlapping municipal bonds and rating downgrades are raising property tax pressures. Council members said they recognize the issue, will discuss it in the upcoming budget process, and cautioned about tradeoffs between debt service and infrastructure needs.

Rising bond debt is putting immense pressure on Virginia City's property taxes, with estimates showing a potential 9.66% increase looming over residents.

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