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Mayor Caldwell Presents his Budget

Mayor Caldwell Presents his Budget

Anticipating a major city budget shortfall in the coming fiscal year, Mayor Kirk Caldwell says the city needs to raise some taxes and fees, charge for certain services that are free now and eliminate city positions. Caldwell announced those solutions yesterday to offset an expected 46-million-dollar revenue gap. In his $2.15 billion 2015 operating budget, he's proposing a two-dollar property tax rate raise for investment homes worth a million dollars or more that don't qualify for a homeowner's exemption. He also wants to raise the hotel and resort property tax rate by a dollar to 13-dollars-40-cents for every thousand-dollars of value. The elimination of 618 vacant, but funded positions will help ease the 156-million-dollar shortfall. And, the mayor wants to raise fees on building plan reviews and charge a ten-dollar monthly fee for weekly garbage pickup

 

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