The proposed tax rate was officially set during a July 24 regular meeting. The public hearing was held to provide the community with a chance to comment.
The proposed tax rate for FY 2019-20 remains the same from the previous year, and Mayor Linda Anthony called the proposed rate a wise decision from the board. Anthony said she believes raising property taxes was unnecessary due to a strong cash reserve balance and sales tax revenue.
The FY 2019-20 budget projects a property tax revenue increase of $68,660, a 4.54% increase from 2018-19. The increase comes from the addition of new properties to the tax roll.