Three new Payments In Lieu Of Taxes (PILOT) to the city and higher foreclosure registry fees should boost city revenues by some $652,000 in the 2016 budget.
Municipal taxes would rise by about $39 on the average property under a municipal budget introduced by City Council.
There are more than 300 residential properties on the city’s foreclosure registry, as of Sept. 1, including almost 100 vacant properties.
City Council approved a $760,000 budget for an expanded Special Improvement District (SID) as well as a revised roster of affected properties.
City Council approved a 2015 municipal budget that was largely unchanged from the one presented last month by the administration, carrying with it an average $120 tax increase.
On the same night that representatives passed a city budget that will bring an average $120 tax increase, City Council unanimously approved a new salary ordinance Monday night that more than triples the mayor’s annual pay.