The vote was taken during a special called meeting on Thursday afternoon in Council Chambers at City Hall.
The new budget includes a 6-cent increase in the city’s property tax rate, going to $1.85 per $100 of assessed value. This year’s tax rate was $1.79.
The increase includes 4 cents to replace revenue lost by the repeal of the Hall state income tax.The Hall Tax has been phased out over the past few years. At its peak, the city received $255,000 annually from the tax on investments.
The remaining 2 cents of the tax increase will be used to add the amount of paving of city streets over the coming fiscal year. That additional revenue will increase the budget for repaving from $400,000 to $453,891.
The council also approved an increase in the garbage collection fee. The residential collection fee would increase $3 per month, going from $10 to $13 per month. That fee increase will provide an additional $185,498 to the sanitation fund.