Residents of Lebanon, New Hampshire may face an increase in their tax rate for next year if councilors vote to approve the city manager’s proposed budget.
The $50.6 million-dollar proposal is down more than $300,000 from the city’s current budget, though this year’s budget included mandatory spending on capital improvement projects as a result of storm damage sustained back in 2013. Residents of Lebanon are already facing increases to their water and sewer bills, as city councilors early this month approved a 4-percent increase to water rates and a 6-percent increase on sewer rates.
According to the Valley News, the proposed 3.5-percent tax increase would result in an additional $88 dollars in annual taxes on a single-family home valued at a quarter million dollars.
The City Council is meeting Thursday night at City Hall, with a review of the airport, and additional budget proposals all on the agenda.