In his latest blog post, Mayor Friedberg states that “we’ve now received our certified tax roll with better-than-projected growth from new construction. That, along with some other adjustments, modestly brings down the City Manager’s proposal from an 8% to a 7.1% property tax revenue increase.”
The Mayor explains that “the next step of the process will be the taking of a record vote on September 9 to propose a tax rate, which will then be the subject of two public hearings. It’s important to understand that because that record vote will be taken prior to budget adoption on September 16, the tax rate that is thereby proposed will not necessarily be the tax rate we end up with because we’ll still have the opportunity to lower it when we finalize and vote on the budget.”
To find out more about the proposed budget read the Mayors blog post HERE.