Tag Archives: budget

PILOTS in the 2023 budget

The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.

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City Council introduces $400K SID budget

A proposed Special Improvement District (SID) for 2023 is almost a quarter higher than the previous year and ramps up programming and improvements by almost $140,000.

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City Council adopts municipal budget

City Council unanimously adopted the 2022 municipal budget during a special meeting held via Zoom on July 28 that’s expected to decrease the municipal portion of property taxes by about $3 on the average home.

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Foreclosure registration fee revenues decline

Revenue in the proposed municipal budget from foreclosure and vacant house registration fees is anticipated to be less than $300,000 for 2022, the lowest level since the registry was created eight years ago.

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A closer look at PILOT revenue in 2022 budget

The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.

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