Council moves toward tax hike
Officials: Money needed for rising city pension costs
STERLING – A resident with a $100,000 house would pay $41.64 more in property taxes next year under a city proposal. The money would cover increases in police and fire pension costs.
The City Council voted 5-1 Monday for a preliminary tax hike proposal, with Alderman Barry Cox dissenting.
Under the proposal, the city would increase its tax levy by 6.99 percent. Any increase more than 5 percent requires a public hearing before final approval.
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