Incoming mayor inherits Glendale's financial problems
GLENDALE, Ariz. -- Outgoing Arizona Lawmaker and Glendale Mayor-elect Jerry Weiers has a lot of experience dealing with a budget crisis.
Arizona had a multi-billion dollar deficit during the recession. When Weiers takes office in Glendale in January, the city will have a $1.2 billion deficit, including $200 million for the Camelback Ranch spring training home of the Chicago White Sox and Los Angeles Dodgers.
"That is not money that's owed tomorrow," said Weiers. "It's not. The city is working on refinancing the debt and will be able to save millions of dollars with lower interest rates."
The city council bumped the sales tax rate from 2.2 percent to 2.9 percent last summer, the highest city sales tax in Arizona. On Tuesday, voters kept that in place through 2017. Many believe the sales tax is designed to keep the Phoenix Coyotes hockey team in the Valley.
"I would love to see the Coyotes stay, but we're not going to be their cash register," said Weiers.
Weiers is very concerned that a lot of businesses don't want to open up new stores in Glendale because of the high city sales tax and property tax rates, but he's upbeat about the future.
"This nation is at the crossroads of things starting to get better. When people start believing in their city leaders and know that we'll do everything possible to put less restriction on businesses, we will see new growth in the West Valley and we could be out of this problem in two to three years. That's certainly my goal."
Jim Cross, Reporter