In a story about the City of Monroe's preliminary budget published in The Monroe Times Thursday, the 14-percent increase in property taxes represents the increase in the tax levy, the total amount of money the city would need to collect to cover operating expenses. It is not the tax rate, the amount the city will charge taxpayers based on the value of their property.
In a meeting of the Finance & Taxation Committee Wednesday, Mayor Bill Ross said holding the tax levy at a zero-percent increase is unrealistic.
The Times incorrectly attributed the quote to Alderman Dan Henke. The Times regrets the error.
Ross said the city cannot continue to fall further behind in its maintenance, particularly of streets, and needed some increases.
Henke said he wanted to hold the tax levy at a zero-percent increase.
Monroe's 2010 tax levy increased 1.76 percent from 2009, which resulted in a 3-cent decrease in the tax rate from the previous year, or $10.40 per $1,000 of assessed property value.
The state allows municipalities no more than a 3-percent increase in operating budgets.
In a meeting of the Finance & Taxation Committee Wednesday, Mayor Bill Ross said holding the tax levy at a zero-percent increase is unrealistic.
The Times incorrectly attributed the quote to Alderman Dan Henke. The Times regrets the error.
Ross said the city cannot continue to fall further behind in its maintenance, particularly of streets, and needed some increases.
Henke said he wanted to hold the tax levy at a zero-percent increase.
Monroe's 2010 tax levy increased 1.76 percent from 2009, which resulted in a 3-cent decrease in the tax rate from the previous year, or $10.40 per $1,000 of assessed property value.
The state allows municipalities no more than a 3-percent increase in operating budgets.