The budget includes $202.6 million in the general fund and a decrease in the city’s property tax rate by 3 cents.
The council also ratified the increased revenue from property taxes included in the budget. Even with a lower rate — of $0.427513 — the budget will raise more property taxes than last year’s budget by $10,084,717, or an increase of 7.03%, according to the city’s
The growth of the city’s estimated taxable value is a result of tax base growth, including $1 billion in new construction and an increase of 11.9% in existing property values, according to the city’s Proposed Annual BudgetGeneral Fund revenues are estimated at $202.6 million for fiscal year 2023-2024, about a 6.3% increase from the fiscal year 2022-2023Property tax revenues make up 51% and sales tax revenues make up 21% of that total.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Montgomery City Council debates flying Christian flag at City HallThe city did fly pride flags outside City Hall in June. Supporters of the Christian flag at Tuesday night’s meeting said precedent is on their side.
Read more »
Dallas City Council Committee hears $399 million park bond money request TuesdayA Dallas City Council Committee Tuesday hears the big $399 million Parks Department request for public improvement bond money.
Read more »
Meet Kendra Brooks, a Working Families Party member running for reelection to City CouncilCity Councilmember Kendra Brooks, of the progressive Working Families Party, is trying to repeat her stunning 2019 win by running on what she says is a 'proven track record.'
Read more »
LA City Council OKs plan to track the filing of gun violence restraining ordersLA City Council recommends creation of database to follow a person’s mandated gun violence hearings.
Read more »
City of East Cleveland to discuss state investigation of Mayor, HR Director during council meetingEast Cleveland Mayor to discuss State investigation during council meeting.
Read more »