By a 4-1 vote this evening, City Council passed the 2007-8 budget, Henry Graff reports for NBC-29. It came in at a record $122M, requiring a property tax rate of $0.95 per $100 of assessed value. Given assessment increases, that amounts to an average tax increase of 14%. City staff had proposed a $136.5M budget. Councilor Kevin Lynch was the lone dissenter, saying that he simply couldn’t support a $0.95 tax rate.