The City held its annual Truth In Taxation public hearing last night. The hearing consisted of a 15 minute presentation from our CFO, Ms. Sue Kotchevar, on the status of the City’s 2004-2005 budget and proposed tax rates. The City plans to increase its total spending next year by 2%. We plan to increase our property tax levy in 2004 by 1.9%. Our tax rate, because of an array of complicated factors, will increase by 4.9%.
There were five Councilmembers, 10 City staff members, and 3 citizens in attendance at the public hearing. No citizen voiced any objections or questions during the public hearing. The Mayor closed the public hearing and adjourned the meeting 18 minutes after calling it to order.
Short and sweet.
