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Finance director previews Aug. 11 final budget hearing, outlines property-tax disclosure
Summary
Finance Director Jim Welch presented the published notice and disclosures required ahead of the Aug. 11 final budget hearing, saying a local property-tax component will represent a roughly 5% share tied to funding nine new firefighters and compensation increases in the police department.
Finance Director Jim Welch presented the statement the city must publish before its final budget adoption and reminded councilors the tentative budget figures have not changed materially, though additional narrative will be provided at the next hearing. He said the required property-tax disclosure combines a judgment-levy notice and the normal truth-in-taxation publication.
Welch described the tax-rate history and the purpose of the local increase: "That represents about 1% general, total increase over the total bill, but our part is 5%." He said that local share is intended to cover salaries for nine new firefighters and wage adjustments for police non-sworn personnel and that the final budget presentation will include slides and supporting narrative at the Aug. 11 meeting.
