Will Faith make cuts or raise taxes?
The Faith Board of Alderman will hold a public hearing at 6:50 today to discuss the proposed budget for the upcoming year.
The board is expected to approve the budget during its regular meeting at 7 p.m.
Faith’s tax base is expected to drop from $63.8 million this fiscal year to $60.6 million next year due to the county’s revaluation.
According to Post calculations, the town would have to increase the property tax rate by 2.2 cents per $100 assessed value in order to break even without making cuts.
Alderman Mark Shores told the Post in March that he expects the property tax rate to hold steady at 41 cents per $100 assessed value.
Find out if the town board voted to make cuts or raise the property tax rate in Wednesday’s Post.