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State Tax Cap

Politics
Mount Vernon Mayor Proposes $116M City Budget Mount Vernon Mayor Proposes $116M City Budget
Mount Vernon Mayor Proposes $116M City Budget Mount Vernon Mayor Richard Thomas has proposed a $116 million 2019 budget that will represent a $100 property tax increase while maintaining essential services in the city. Last week, Thomas presented a $160,009,845, which “pays for services, invests in productivity, revenue generation and infrastructure,” while staying under the state’s mandated tax cap of 2.7 percent. It is an increase of approximately 4 percent from the 2018 adopted budget ($111,247,888) and would include the appointment of 18 new staff positions within the city. Thomas noted that the tax increase would work out to appro…

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by Zak Failla