Council weighs reserve funding resolution : vimarsana.com

Council weighs reserve funding resolution


Aldermen debated a resolution that would allocate $1.9 million of reserve funding into the general fund balance annually through 2025 at Monday’s City Council meeting, a measure some say could lead to annual increases in property taxes.
“There is no requirement in this resolution for the city to reduce expenditures (and) to live within its expected level of revenue,” resident Jamie Robin-Collier said in public comment. “Make no mistake, a vote for this resolution as it now stands is a vote to increase property taxes, with nothing to show for.”
The resolution would not be binding, but would serve as a budgeting target for City Council.

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