April 13, 2010
City taxpayers may see property taxes rise 6 percent or more
A big tax hike is possible this year
Despite a sagging economy that’s put a tenth of the city’s workers on the jobless rolls, the Board of Finance is eyeing a 6.4 percent hike in property taxes this year.
Mayor Art Ward said the increase is in the city’s best interests while Finance Chairman Rich Miecznikowski said the proposed mill rate would ease the city’s fiscal worries for the long run.
A majority of finance commissioners said this week they would support raising the mill rate from 25.99 to 27.65 for the budget year that begins July 1. Click here for the story.
Some are opposed to such a big tax hike
Critics are taking aim at a proposed property tax hike.
“It’s bull,” said city Councilor Ken Cockayne.
“I would vote against it today,” said Bob Casar, the newest member of the Board of Finance.
Janet Moylan, another finance commissioner, said that with so many out of work or struggling, she’s not sure such a large tax hike is responsible. Click here for the story.
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