With the costs of goods and services climbing higher for tax supported entities such as cities and school districts, a jump in the amount of tax money those entities can collect should come as no surprise to anyone.
Peabody City Council convened a special meeting Monday night to hear a final discussion of the 2012 budget, to set the date for a public hearing about the budget, and to vote on publishing an ordinance attesting to an increase in tax revenues for the budget year 2012 for the city.
The mill levy for 2012 will be 1.77 mills higher than in 2011.
“We have kept the mill levy low for a number of years,” Councilman Tom Schmidt said. “Since 2009 we have had an annual decrease.”
According to Peabody City Administrator Mac Manning, the 1.77 mill hike will raise about $7,000.
“A person who owns a $50,000 home in Peabody, will have a tax increase of about $10.17 a year,” he said.
The public hearing will be Aug. 8 at the regularly scheduled city council meeting. Individuals who wish to address the council at the hearing do not need to make arrangements in advance.
For more information about the budget, contact the city at (620) 983-2174.