Mayor Paul Soglin on Tuesday proposed a $313.9 million operating budget for 2018 that he says will promote upward mobility and address violence while minimizing taxpayer pain by adding $64.50 to the average home’s bill.
Soglin’s proposed budget, which increases spending by 4.5 percent, contains no sweeping new initiatives but targets spending to priorities.
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All told, city tax collections from all property would increase 4.8 percent to $230.3 million, with taxes rising 2.7 percent, or $64.50, to $2,481.99 on the average home, now valued at $269,377.
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