Next year’s city tax rate looks like it will be 90.73 cents per hundred dollars of valuation.
That works out to just about 1% of the value of your property.
Of the 90.73 cents 61 cents will go to maintenance and operations.
The amount that we will have to pay to cover past bond issues and other debt will be 29.7 cents.
That means that 32.7 percent of the money we pay in property taxes will go to debt service.
These numbers don’t include the cost of the multi-purpose performing arts center or the cultural center which we have already approved.
I wonder how many of us spend 32.7 percent of our income on our home mortgages.
We deserve better