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Our financial status in a nutshell: <br />o The city so far has enjoyed a sound financial <br />status. We have been able to meet most of our <br />requirements and to pay our debt in a timely <br />fashion. <br />o We have been able to do a $45 million water <br />and sewer bond issue that is progressing well <br />for the most part -- with some glitches here and <br />there that are already being addressed by city <br />staff. <br />o We have kept our tax rate down compared to <br />other cities with similar population. <br />