City Reveals 2015 Budget, Sets Public Hearing For Tuesday
Published: December 8th, 2014
By: Shawn Magrath

NORWICH – The Norwich Common Council has received the city’s 2015 tentative budget and, similar to many municipalities across the area, is looking to transcend the state mandated property tax cap levey.

A public hearing for the city’s pending financial plan is set for 6 p.m. Tuesday, Dec. 9 at the Council Chambers on Hubbard Avenue. Additionally, the Common Council will hear public comments on the motion to override the municipal tax cap law.

Facing a $521,000 decrease in revenue excluding property taxes in the last year, the $11.95 million budget floats a 5.39 percent tax rate increase, or about $21.30 per $1,000 assessed value. This means taxpayers with an average $55,000 property can expect to foot an extra $5 per month.

TO READ THE FULL STORY

The Evening Sun

Continue reading your article with a Premium Evesun Membership

View Membership Options




Comments