City council will be finalizing the city’s budget in a special meeting tonight.
Earlier this year council adopted a budget containing a 3.44 per cent tax increase for residents. However, that was before COVID-19 hit and the city saw its revenues dip by more than $1 million per month. Earlier this month council directed staff to come back with a couple of options for reducing city costs and reducing the tax burden on residents. Council wanted to see a scenario whereby the tax increase was kept under two per cent and another scenario whereby it was kept to less than one per cent. Some councillors even suggested a zero per cent increase.
City manager Kathleen Soltis, in a report going to council tonight, is recommending cuts that would see the tax increase reduced to 1.75 per cent.