Levy Rising, Tax Rate Falling in Budget

Summary


Except for a few fine points, the 2012 city budget appears to be done, carrying a tax levy increase of 10 percent despite a tax rate decrease of 2.55 percent.

At the Common Council's second public hearing on the $23.3 million spending plan Wednesday, Mayor Michael W. Tucker said the Council will reconvene at 5 p.m. Tuesday for a final budget review.

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Extract


Levy Rising, Tax Rate Falling in Budget

The Council is to vote on the spending plan at 6 p.m. the next day, after a public hearing on a proposed law to override the state property tax cap.

The 2 percent cap ...

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