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Bridgeport staff submits tax‑rate options; council schedules budget and tax‑rate hearings
Summary
City staff presented no‑new‑revenue, voter‑approval and de minimis tax‑rate calculations and moved into a budget workshop; public hearings on the budget and tax rate were scheduled for Aug. 11 and Aug. 18, with the legal notice to be published as required.
City staff presented proposed tax‑rate calculations and a draft budget at the Bridgeport City Council meeting on Aug. 4 and moved into a budget workshop to discuss the fiscal 2025–26 spending plan.
Staff member Corey presented three county‑provided rate calculations: the city’s current tax rate of 0.6189, a no‑new‑revenue tax rate of 0.58811, a voter‑approval rate recorded at 0.581732, and a de minimis rate of 0.643665. Staff explained the de minimis rate allows the city to collect an additional approximate $500,000 in revenue without triggering a rollback election, and that choosing a rate higher than the de minimis…
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