August 27, 2002
Don't count on a property tax rollback if you live in Albany. A millage rate roll back would cost the city 400-thousand dollars... and the finance committee says the city can't afford it.
City commissioners will talk taxes tonight. They'll consider leaving the millage rate alone... that would increase taxes on a 100-thousand dollar home about a dollar 50-cents because of property reassessments.
And they'll consider cutting the millage rate... which means taxes on a 100-thousand dollar home would only go up about a dollar a year.
Finance Committee chairman Bob Langstaff said "What that in essence does is gives the city an extra 165 thousand dollars in their budget this fiscal year, and upcoming fiscal years."
The Commission will vote on the millage rate tonight.