City Council Plans Major Tax Rate Overhaul and Senior Discounts

During a recent city council meeting, significant discussions centered around the city's tax rate and budget planning. Councilor Lewis highlighted that the tax rate had previously been artificially inflated due to funding from the general fund, particularly for the water department. With the recent uncoupling of the water fund from the general fund, the tax rate has decreased, benefiting property owners across the board.

The council also addressed the need for a senior citizen discount, which is projected to have a minimal impact on the city’s overall revenue, estimated at under $250,000 annually against a $40 million budget. This discount is seen as a necessary support for the community's senior population.

Additionally, the council discussed the timeline for upcoming meetings, with a proposal to have a plan ready by August 27th. This plan aims to address various funding needs and capital improvements, with a goal of potentially allocating $30 million annually for projects. However, council members noted that actual spending would depend on the availability of funds in the budget.

The meeting concluded with an agreement to present options for the next council meeting, ensuring that the council remains proactive in addressing both community needs and financial planning.