Board approves property tax rate increase; transcript lists numeric rate as '8787'

At the Aug. 24 meeting, AJ Stern moved to approve a property tax rate increase; Brian Hill seconded and the motion carried 7-0. The meeting minutes state that the board approved "the property tax rate increase by the adoption of a tax rate of 8787, which is effectively a 23.01 percent increase in the tax rate." The transcript's numeric presentation of the adopted rate ('8787') appears inconsistent with standard tax-rate formatting and may be a typographical error.