Tax increase now 9.16%

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The recent building boom is helping City Council carve more off this year’s proposed tax increase.

$535,000 in new taxation this year from new buildings has helped lower the increase to 9.16% according to Mayor Sharie Minions.

“It’s an improvement from where we started and I think we all recognize that it is still significantly higher than what we would like to see for a tax increase,” she said. “While we have brought it down from the nearly 17% that it started at, it’s still a difficult number to be putting forward.”

Meanwhile, business, light industrial and heavy industry taxes could increase by 11.6%

Last year’s surplus still needs to be finalized and applied to this year’s taxes, and while the Mayor is expecting a surplus, she said she’s not expecting to be that much.