After spending the last week taking a top-to-bottom look at Mayor Jeff Speaker's proposed 2010 budget, members of the city's Finance Committee on Thursday voted to cut an additional $32,500 in spending next year.
With the changes, the city's operating budget is now $36.7 million. The city's overall budget is $73.9 million, down 2 percent from 2009's $75.4 million.
Under the revised budget, the property tax levy would be $35.1 million, up 2.3 percent from 2009. The tax rate would be $5.40 per $1,000 of assessed value, meaning the owner of an average $335,000 home would pay $1,809 in city taxes.
Most of the reductions came from two areas: a $15,000 cut in the library budget and a $10,000 dip in tax-supported spending from the Department of Parks, Recreation and Forestry.
A public hearing on the budget will be held at 7:45 p.m. Nov. 17 at City Hall, 2000 N. Calhoun Road. The Common Council will vote to approve the budget later that night.
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