Wednesday, June 24, 2015

Fundamentals of the Proposed Property Tax Increase

The tentative budget for fiscal year 2016 (FY16) includes the addition of three police officers. Two of the officers would be funded out of FY16 revenue increases. Mayor Curtis hopes to fund the third officer from an increase in property taxes. The City Council approved the property tax increase at their June 16 meeting and will be holding a Truth in Taxation hearing in August.

Here are some of the fundamentals of this property tax increase:

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