From Beachcomber News: The city has scheduled a special budget workshop meeting for 9 a.m. Saturday, March 8 in council chambers at City Hall where the draft of the proposed 2014 municipal budget will be presented to the public. CLICK THRU TO DOWNLOAD PROPOSED BUDGET. The tax rate has continued to rise as many homeowners have challenged their valuations and the city’s ratable base has declined.
The city’s net valuation has dropped from $4,254,101,962 in 2013 to $4,110,453,562 in 2014 – a reduction of $143,648,400. Wages, salaries and benefits continue to be at least 65 percent of the proposed budget. The city is in the midst of negotiating with a majority of their unions. One point of discussion will be the golf course, which had a deficit of $547,000 in 2013.