Joel Motley of Carmona and Motley Hoffman of Scarborough, New York outlined the importance of maintaining high credit ratings, to lower the city's cost of borrowing. But when you consider what it means for debt service, it can safe a half a million dollars a year, for 30 years, that's a lot of money. Polensek says there's no way the city's 12.7 tax millage rate will increase this year. You're gonna see no increase in taxes from Council. Most feel taxes are too high now.
Charter cities have to get taxes increases approved by voters.
May. Mayor Mike White will offer an overview of his budget estimate to council next week, then the budget hearings begin. Polensek's asking city council members to clear their schedules, and be prepared for some long days. He's also asking residents to attend upcoming community budget meetings, but dates for those meetings haven't been set yet. Inc. All rights reserved.