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Lebanon Residents Possibly Facing Tax Rate Increase

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.

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