Municipal taxes would rise by about $39 on the average property under a municipal budget introduced by City Council.
The governing body introduced the $53.174 million spending plan during a special meeting tonight by a unanimous vote (7-0) with two members absent (Bob Bresenhan and Jeremy Mojica). The tax levy calls for raising $36.7 million through property taxes, about 1.75 percent more than last year’s $36 million tax levy.
The average property, assessed at $133,000, would see an approximately $39 increase in the municipal portion of their property tax bill — a rise from about $3,311 to $3,150. The municipal tax rate would increase from $2.49 to $2.519 per $100 of assessed value.
There were no comments or questions from the governing body, administration or members of the public. A public hearing and final approval of the budget is scheduled for a special meeting on June 21 at 6:30 p.m. The proposed municipal budget can be found in its entirety here.
City Council also introduced the annual budget for the Special Improvement District (SID). The $140,000 budget for 2016 also will be voted upon at the June 21 meeting. An expanded SID would have generated a $760,000 budget by assessing other commercial properties but was struck down by a judge. The city last year appealed the ruling rejecting the expansion of the downtown SID.
I’ll have a follow-up on details of the budget after I get a chance to take a closer look.