The City Council on Monday night introduced a $51.83-million budget for 2014 that would increase the municipal portion of the average property tax bill by about $43.
A public hearing and final approval is scheduled at the City Council’s April 14 regular meeting. In the meantime, the budget will be sent to the state for technical review, Chief Financial Officer Frank Ruggiero told council members Monday night. He described it as a very aggressive budget that increases taxes about 1 percent over last year, staying under a state-imposed 2 percent cap. UPDATE: A copy of the budget can be found here. Continue reading Preliminary budget projects $43 tax hike