The city will hold a public hearing Thursday at the
According to figures provided by the city, the tax increase would impact homeowners, renters and business owners and would be based on assessed value:
Officials call the increases minor.
“It's a relatively minor increase,” said
“We understand that the general public is hit with increases all the time from all levels of government,” he said. “We know (public) costs continue to go up as well, and so while a real estate tax increase of 30 or
However, property value assessments are expected to drop by 0.5 percent beginning in July, resulting in a
The potential increase will offset the revenue loss as well as leaving
Officials said they would prefer giving employees a bonus rather than a permanent salary increase. By doing this, officials can use the tax base for other city expenses in coming years.
“Rather than increase base pay, which goes on forever, (officials) are going to consider a one-time bonus,” Kirby said.
“Then, next year, (the) mayor and council can determine if they can do anything for the employees or not.
“By next year, as other costs continue to go up, there may not be any extra money for that. Each year you evaluate things differently, maybe the mayor and city council will want to pave more streets.”
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