City Council finalized the 2020 budget and 5-year financial plan yesterday.
Given the fallout from COVID-19, they pared down a projected 4.3% tax increase to 1.1%, which means a $22 increase for the average city property.
Mayor Sharie Minions said she was hoping to launch improvement projects this year, but the pandemic prevented that.
“It certainly is not the budget I wanted for this year,” she said. “I was very excited about some of the big projects that our strategic plan called for that council put a lot of work into developing, but the reality is it’s just not the year for it now with what’s going on, so I’m happy with where we got to.”
Some priorities were pushed forward to next year, meaning the projected tax increase for 2021 now sits at 10.2%, which Minions said will inevitably change when they resume the budget process next year.
The 5-year financial plan calls for a further 4% tax increase in 2022, and 3% the following years.
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