The .25 percent hike is the first in two years.
The market is also anticipating a 3.5 percent hike in the Fed's discount rate.
The reported protest was sparked by a 20 percent hike in taxes on merchants.
His solution included an immediate property tax increase of 21 percent and a 38 percent hike in water rates.
Instead HPD approved an 18.5 percent hike over three years.
"A five percent hike, on the spur of the moment?"
They are asking for a 6.5 percent hike in wages plus 1.5 percent in benefits over three years.
Nonetheless, Whitacre got a 32 percent hike in salary.
"If current trends continue, this will mean a 25 percent hike statewide."
China has raised defense spending a whopping 50 percent over two years, and just announced a new 15 percent hike.