You gotta like election year budgets gamesmanship. First you Introduce the Budget with one tax rate increase, then you wait until the last minute to increase it further by Raising the Cap Limits.
On tonight's agenda is Ordinance O.2247-2025 - an Ordinance to Exceed the Municipal Budget Appropriation Limits and to Establish a Cap Bank.
This Ordinance is asking that the 2.5% cap limit be increased to 3.5%, which increases it by $1,493,624 to $5,227,684 for CY 2025.
The already Introduced $175.5m Muni-budget came in within the 2.5% Cap with a tax rate of 1.491, which was up 1.4-cents over last years 1.477 or .95%.
Looks like the Ridiculous Overspending is catching up with them and time for You to Pay for it.
Don't know how much of this $1,493,624 is going to be added to the 2025 Budget Appropriations or how much will be carried over for the next two years but if this extra $1,493,624 is all added into the 2025 CY Muni-budget, it will add another 2.1-cents to the 1.4-cents in the Introduced Budget for a total of 3.5-cents and increase the Muni tax-rate to 1.512, which increases the Muni tax increase to 2.37% over last years 1.477.
Who knows what they're planning to do but you'll know when the 2025 Muni-Budget comes up before his 'Pocket-Council' for Adoption.
Anyhoo, what do you call it when you're told your tax increase will be one thing but you end up getting another?
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