Palmieri’s Budget Proposal Would Increase Taxes By Nearly Nine Percent
Utica residents would see a nearly 9-percent property tax increase under Mayor Robert Pamieri’s 2014-15 budget proposal.
Palmieri presented his $66 million spending plan to the Board of Estimate and Apportionment on Thursday morning.
The budget increases spending by almost $2 million over the current budget.
Palmieri says when he took office, the city had a negative fund balance.
He says this budget will have a fund balance of about $1 million.
The tax increase would mean an additional $9.25 a month for the average homeowner.
Councilman Joe Marino says the council will have to get into the “nuts and bolts” of the budget, but they have been woking with the mayor on the budget all along.
The Common Council must pass a budget by March 20th.
The council voted 7-to-2 on Wednesday night to override the state’s 2% propety tax cap.