Tuesday, November 12, 2013 - 9:13am
Newark council postpones vote on budget
Newark's City Council has postponed a vote on a proposed $43.5 million budget.
The council decided Monday to postpone the vote to December. The budget includes a 7.2-percent rate increase for water customers, a new storm-sewer fee and a property-tax hike for 2014.
Administrators presented the spending plan, a 10-percent increase over 2013. No property owners spoke in opposition.
The budget would increase property taxes by 1.5 percent to 70.65 cents per $100 of assessed value. Finance Director Lou Vitola says taxes on an average home would increase by about $7.29 a year to nearly $496. Residents absorbed a 1.5-percent tax increase this year and 6 percent two years ago.
Officials say the additional revenue would help compensate for a "flat" tax base.
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