Acceptance of the city’s 5-year financial plan took another step forward yesterday as city council hosted a committee of the whole meeting.
The San Group is complaining about a 35% increase in the light industry taxes, saying it’s too high.
Mayor Sharie Minions said the city is bringing parity to all industrial taxpayers.
“We will be taxing both Catalyst and San Group at the same rate. To Council, that is equity and fairness,” she said. “We believe that all of the industrial taxpayers in our community should pay equal rates. That said, we will be looking at possible incentives that we could work with industries that are investing in our community.”
Minions said council could look at restoring the revitalization tax break next year, which could help decrease the San Group’s tax bill
No change to the proposed 4% increase to residential taxpayers, although a possible $500,000 surplus, combined with an $800,000 overpayement to the library could benefit homeowners.
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