Council May Raise Car Tax, Drop Real Estate Tax

City Council has asked City Manager Gary O’Connell to draw up a pair of budgets, one maintaining the $1.09 real estate tax, and one dropping it to $1.07, and also to look into raising the car tax to make up any shortfall. Assessments are likely to increase by 11% in the city, but that still leaves a $3.2M shortfall, because of a drop in personal property tax (because the state cut the car tax, which is really a local tax, without funding the difference) combined with legally-mandated expenditure increases. John Yellig has the story in today’s Progress.

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