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Fulton Daily News

Fulton Lawmakers Adopt Budget After Speakers Urge Them to Cut More

Fulton residents will see the first tax increase in four years and only the second in the last eight years as the result of the budget adopted Tuesday night by the Common Council.

The $15.1 million budget spends $160,000 less than the 2011 budget but because the city lost almost $8 million in taxable property this year, taxes on the remaining properties will be slightly higher.

The budget increases the tax levy 1.17%.

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Fulton Daily News

Fulton Lawmakers Will Waive Tax Cap Limit Before Passing New Budget

Fulton city lawmakers are poised tonight to vote to ignore the state’s limit on tax levy increases, even though the budget they will approve is well below the limit.

The Common Council holds a public hearing and vote on the 2012 budget beginning at 7:00 p.m. Tuesday.

Earlier coverage: Fulton budget holds 1% tax levy increase.

Resource: A guide to the 2% property tax levy cap.

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