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Finance committee confirms $1.14 equalized real estate rate; public hearings draw calls for deeper cuts and budget clarity
Summary
Hampton’s finance committee unanimously affirmed an equalized real estate tax rate of $1.14 per $100 of assessed value as the basis for the city manager’s recommended FY 2026 budget. Public hearings opened Tuesday, with residents urging larger tax cuts, better employee pay and clearer financial reporting for the AquaPlex.
The Hampton City Council’s finance committee on Tuesday confirmed an equalized real estate tax rate of $1.14 per $100 of assessed value — the figure used in the city manager’s recommended fiscal 2026 budget — and the council opened public hearings on the budget and tax rate that drew residents calling for larger cuts and more transparency.
Linda Curtis, a retired former commonwealth’s attorney and citizen member of the council finance committee, told council members the committee “voted unanimously to confirm the calculation of the stabilization real estate tax rate at the equalized rate of a dollar 14 per $100 of assessed value per the revenue guideline.” The committee, she said, met April 16 and reviewed the manager’s recommendation and the committee’s application of the city’s revenue guideline.
The recommendation follows a long-standing local policy intended to limit…
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