City manager readjusts projected property tax increase
Rockland — Acting City Manager Thomas Luttrell said June 5 that a small increase in city property taxes, a result of keeping a reference librarian position, will be less due to other offsets and savings.
The city will need to raise its property taxes by $1.55 for the average Rockland home valued at $185,000, he said. The city is set to approve its final $10.54 million, 2014-2015 general fund budget June 30.
Immediately following the June 4 budget meeting, Luttrell said property taxes would increase by $8.46 for that average home value.
However, the city's projected increase in health insurance premiums has dropped from 10 percent to 4 percent, Luttrell said. That allows the city to stay very close to its goal of having a zero-based budget.
The more substantial proposed increase in property taxes will be voted on Tuesday, June 10, at the Rockland Community Center, he said. That is when the Regional School Unit 13 referendum receives votes to validate — or invalidate — the school board action.
If the RSU 13 validation vote is approved by voters, the average homeowner in Rockland will see property taxes increase by $94.08, Luttrell said. Currently, the average Rockland homeowner with a home valued at $185,000 pays $3,600 per year in property tax.
That $94.08 breakdown is as follows:
- A $94.52 increase in property taxes from RSU 13;
- A $1.55 increase in property taxes from the city of Rockland;
- And a decrease of $1.99 in property taxes from Knox County.
Luttrell said despite the city trying not to increase property taxes, it often gets the same amount of blame as the school district.
With the reference librarian position restored, the city's new projected general fund budget for the upcoming 2014-15 fiscal year is $10,547,851. Revenue from Tax Increment Financing is not included, he said.
Courier Publications reporter Larry Di Giovanni can be reached at 594-4401 x. 117, or by email at: email@example.com.