Newport City Council wrapped up its budgeting process for the year during a regular meeting on May 22, 2024, with significant decisions impacting local taxes and public services. The council approved a series of motions, including the Omnibus Property Tax Relief and Replacement Act resolution, which sets the tax levy at $89,168,981. This resolution establishes a two-tiered tax rate: $6.90 per $1,000 for owner-occupied residential properties and $10.46 for commercial real estate, ensuring that homeowners with properties valued under $1.2 million will not face a tax increase.

The meeting highlighted a commitment to public safety and education, with a notable 3.35% increase in funding for public schools. This increase comes as the city navigates challenges from reduced state aid and the end of federal funding, reflecting a collaborative effort among city departments to prioritize educational needs.

Council members expressed gratitude for the administration's work in closing a substantial budget gap and reorganizing city departments to enhance resilience and sustainability. The focus on public safety was underscored by plans to deploy more officers to address community concerns, such as noise and speeding, which affect residents' quality of life.

As the council moves forward, the approved budget aims to balance fiscal responsibility with essential services, ensuring that Newport remains a desirable place to live while addressing the needs of its community.