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Interim City Manager Al Moor’s first budget proposal is a robust one that calls for a 7.2% increase in spending from the current budget and would pay for 47 new full-time hires, provide a 2.5% cost of living increase for city staff and fully fund the school division’s request.
Overall, Suffolk is in a better position than anticipated heading into FY22.”Moor’s budget proposal keeps the real estate tax rate level at $1.11 per $100 of assessed value, but with reassessment values up 4.2%, there is an effective rate increase.
When City Council approved the current budget, it deferred a 26-cent increase in the water rate and a 27-cent increase to the sewer rate and a $1.50 increase to the meter service charge.
The current rate is maintained in the proposed budget.
Tim Johnson said he was fine with the stormwater fee increase, and said “this might be the beginning,” but he said it may be soon time to lower the real estate tax rate.
Published On: Thu, 08 Apr 2021 03:55:13 GMT
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