In December, City Council asked City Manager Gary O’Connell to prepare two budgets, one maintaining the $1.09 real estate tax and one cutting it to $1.07. O’Connell will end up proposing a cut to $1.05, the biggest drop in a quarter-century, at Monday night’s City Council meeting. The $106M budget is up 5.5% from last year’s $100.4M budget. One notable cut includes the Percent for Art fund, which sends 1% of capital improvement project funding to public art. John Yellig had the story in Friday’s Progress.