SALISBURY – The mayor’s proposed budget for the upcoming year calls for an increase in the tax rate to the constant yield but to minimize the impact on taxpayers it also calls for a decrease in water and sewer utility fee.
Mayor Jim Ireton presented the Mayor’s Fiscal Year 2014 (FY14) Proposed Budget to the City Council last week.
Ireton began by acknowledging the impact of assessable base losses over the past four years. Since FY 2011 there has been a decrease of $551 million in the assessable base. The City of Salisbury’s assessable base has dropped 22.1 percent in four years, equating to $4.8 million in lost property tax revenue.
“In order to make up that difference, the departments have cut $1.7 million out of their operating budgets for fiscal years FY10 through 14, and through General Fund budget cuts, furlough days and frozen and unfunded positions they have put $5.3 million back into the city,” the mayor said. “Notice how we have weathered that storm.”
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2 comments:
The assessable base losses are not our fault! Why do we always get stuck bailing out the city when a few policy changes would eliminate any down the road.
for example, no more tif's. no more tax exemptions for new businesses, esp. big ones.
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