Commissioners Thursday set a tax rate unchanged from last year, with Mayor Jeri Muoio saying the city, with the economy rebounding, needs to start putting money back into reserves it dipped into the last two years.
But Finance Director Jeff Green warned that, unless the city finds more cuts or gets a lot more income over the next year, it will start its 2014-2015 budget year $5 million “in the hole” and will have to do just that: go back to reserves.
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2013-2014 BUDGET PROPOSAL
Proposed budget: $165 million.
Proposed tax rate: $8.54 per $1,000 (unchanged from 2012). Rate includes 19.5 cents of debt service on bonds.
Final public hearing and vote: 5:01 p.m., Sept. 25 at City Hall, 401 Clematis St.