City inadvertently releases tax plan before meeting
The City of St. John’s plans to hold the line on taxes this year, the Telegram has learned.
City council was not planning to release the 2014 tax rate until Monday afternoon, but the agenda for Monday’s meeting, posted online late Friday, reveals the 2014 residential and commercial tax rates will be — if passed by council Monday — 8.1 and 26.2 mils respectively, the same as in 2013.
The 2013 residential rate was a decrease from 2012’s 10.6 mils — but the city still took in more tax revenue than the year before thanks to higher property assessments last year. The 2014 water tax for residences and commercial properties not on water meters will also remain unchanged, at $615 for the year.
City representatives declined to talk about the tax rate in advance of the budget’s official release Monday afternoon. Danny Breen, chairman of the city’s finance committee, noted the budget needs to be voted on by council Monday.
“We’re releasing the budget on Monday, and those motions that are in the agenda will be voted on then,” he said. “It’ll contain the details for 2014. It’s the second year of our three-year budget plan.”
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