Mayor Ken Koelsch on spending plan, mill rate

    The CBJ Assembly put finishing touches on the next two year budget this week. Mayor Ken Koelsch talked about the spending plan while a guest on Action Line Friday:

    Posted Friday, May 27th, 2016 4:15pm by Colt Dylan

    The CBJ Assembly put finishing touches on the next two year budget this week.

    Mayor Ken Koelsch talked about the spending plan while a guest on Action Line Friday:

    "The mill rate went down, but your pocket book is going to get hit for a little bit more. The mill rate went down from 10.76 which I started promoting at the very beginning and keeping it the same. Iit went down to 10.66. What we found was that some people wanted to lower it all the way down to 10.51. There were some people that wanted to keep it the same at 10.76, and for hopefully the next two years I think that was my deciding factor was we'll keep it at 10.66. But we don't know what 2018 is going to bring us. Your tax bill will be higher because of  increased property assessments. We're finding that property is moving and there's not somebody in the finance department behind a curtain like Oz and says 'What are the assessments going to be this year?' They have a very professional program where they check how real estate is moving in, where it's moving, and that's how the assessments end up being arrived at. The assessments are up this year. Property is moving this year. It may be an entirely different story next year."

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