Augusta budget, which would result in no changes in tax rate, up for approval Augusta city councilors will vote Thursday on the proposed $69.4 million city and school budget. Share AUGUSTA — A proposed $69.4 million city and school budget that would result in no changes to the tax rate is up for approval by city councilors Thursday. The spending plan is proposed to increase by $2.3 million — or 3.5% — over the current year’s budget, but due to projected increases in revenues, the use of reserve funds, and a small gain in the city’s total property valuation, the tax rate is expected to remain at $20.94 per $1,000 of property value.