NORWICH – The Norwich City Council convened for a special meeting Thursday to receive the 2014 tentative budget and schedule a public hearing next week before moving its adoption.
A public hearing for the budget is scheduled for 6 p.m. on Tuesday, Dec. 10 at One City Plaza.
City Director of Finance William Roberts handed the proposed financial plan to members of the city council prior to a Joint Committee Meeting held immediately after. The pending budget calls for a tax increase of $20.21 per $1,000 (2.85 percent, and 56 cents more than was set in the 2013 budget), transcending the state implemented 1.66 percent property tax cap for the third consecutive year.
Based on the average taxable assessed value of $55,000 among city residents, officials say tax payers can expect to spend an additional amount in the vicinity of $2.57 per month during the 2014 fiscal year, totaling $30.80 for the entire year.
The property tax rate increase comes in addition to a scheduled increase for water and sewer rates for residents in 2014. Quarterly water use rates are slated to go up $3.76 (7.69 percent) for up to 1,000 cubic feet of water use starting Jan. 1. What’s more, quarterly sewer use will also increase by ten cents (2.86 percent) per 100 cubic feet of total water use...