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Proposed $103 million Long Beach budget calls for 12.39% property tax hike, highest since 2013

The budget is part of a multiyear effort to right the city's finances after years of mismanagement, officials said, adding the property tax increase would raise a homeowner's tax bill by an estimated $574.

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Moody's upgrades Long Beach's credit rating, citing city's growing tax base

The city was just one step above junk bond status in July 2021 but finances have since turned around, with the city last year getting its first upgrade in six years, acting city manager said.

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Long Beach passes budget raising property taxes nearly 10%

The entirety of the tax hike resulted from $5.5 million the city must pay to developer Sinclair Haberman as part of a $75 million settlement, said City Council President John Bendo during a special meeting Tuesday night.

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City proposes double-digit increase in taxes

The City of Long Beach has proposed a 2023-24 budget with a 12.74 percent tax rate — the highest in several years and more than double the current 5 percent. The proposed spending plan totals …

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Long Beach residents face potential double-digit tax hike

Long Beach residents could be facing a double-digit tax hike in the coming fiscal year. The increase is primarily the result of a $5.5 million down payment on a $75 settlement with Manhattan …

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Centennial for The City by the Sea | Long Island Business News

A “Votes for Women” sign in Long Beach commemorates the year 1913 when suffragists gathered to rally support for a woman’s right to vote.

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Tentative deal: Long Beach would pay developer $75M

Tentative deal: Long Beach would pay developer $75M
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Long Beach Condo Development May Start After $75M Settlement

Long Beach Condo Development May Start After $75M Settlement
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State Financial Restructuring Board awards Long Beach $4.6M

State Financial Restructuring Board awards Long Beach $4.6M
newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.

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Long Beach credit could worsen with negative court outcome

Long Beach credit could worsen with negative court outcome
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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