With the budget crunch time fast approaching, city officials are scrambling to figure out how to close a $12 million gap in next year’s spending plan.
A property tax hike is virtually certain, but a consensus appears to be in place to hold any increase to 1.5 mills or less. That means property taxes could rise as much as 5.8 percent.
“We can’t go any higher than that,” said John Smith, a veteran finance commissioner.
Both Mayor Art Ward and Finance Chair Rich Miecznikowski said they believe taxes will go up between 1 and 1.5 mills when the final city spending plan is adopted next month. Click here for the story.
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