After a second public hearing on Sept. 3 with no residents choosing to give input, City Council is set to adopt the 2014-15 proposed budget Sept. 8, which will keep the tax rate at 48 cents per $100 valuation and includes a 4 percent increase in tax revenue, said Karen Rhodes, budget director.
Because of the state's truth in taxation laws, Rhodes said the tax revenue increase must be worded as "proposed" since the budget as a whole has not been adopted yet. She said this has caused some residents to think the revenue increase includes a tax rate increase.
Rhodes said the increase in revenue is due to new growth within the city. There is $511 million in new property and the change in base overall is $1.3 billion.