Sat10252014

Last updateFri, 24 Oct 2014 11pm

Back You are here: Home News News City proposes same tax rate as current year for 2014-15

News

City proposes same tax rate as current year for 2014-15

The Mount Vernon City Council unanimously voted for a proposed tax rate of $0.604382 per $100 of valuation to fund the 2014-15 Budget. That rate is expected to yield revenues of $658,330 if at least 95 percent of the taxes levied are collected.

Although the rate is the same as 2013-14, the revenues are expected to be about $56,125 higher.Two public hearings on the tax rate are set to hear public comment. For information about the hearings and other decisions from the council meeting, see the August 14 edition of the Mount Vernon Optic-Herald.