Friday, September 25, 1998
|
Friday, September 25, 1998 |
In a special meeting Sept. 23, the city kept its tax rate at 4.06 mills for another year. Information from City Manager Jim Basinger shows that the tax digest, from which millage is figured, has grown by 16.83 percent from last year nearly 74 percent from property reassessment and 26 percent from new construction. Based on the same millage rate, Basinger said, the digest will generate $229,559 more than the proposed budget of $3,782,293. For the last few years, he added, council has placed excess funds in its contingency account to pay for such things as storm damage to infrastructure, traffic signals, bridge repairs and other unexpected expenses.
|
||||||