Following last year’s increase on the meals tax (ca. $9.1 million per year), our Mayor asked Council for a nine cent increase in the property tax and a fifty cents per pack cigarette tax (ca. $24 million per year). Having lost on the real estate increase this year, Mayor Stoney “did not rule out the ideal of proposing a real estate tax increase” next year.
All that sounds like the danger is at least on hold until next year.
But wait! Councilman Agelasto’s July newsletter paints on a larger canvas:
- Property assessments will rise about 8% this year;
- Gas rates will increase 3.5%;
- The typical water bill will increase by $1.41;
- The typical wastewater bill will increase by $2.39; and
- The typical stormwater utility rate will increase by 4%.
The BLS tells us the Consumer Price Index for urban consumers rose 1.8%, May ‘18 to May ‘19.