If the proposed 2017 city budget were adopted as is, taxpayers would see a tax increase of 5.26 percent. The proposed tax increase, however, exceeds the state’s 2 percent property tax cap, which is calculated at 2.06 percent.
City Council can vote to override the tax cap, which it may do Thursday night. A public hearing on the override is also scheduled for Thursday night. The proposed budget of $13,730,250 is up 1.5 percent from the current $13,527,550 spending plan, or $202,700. A median household of $160,000 would pay an additional $25.92 on the 2017 tax bill.