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Mayor Unveils Revised 2013 Proposed Budget

Fort Wayne's Mayor unveiled an amended version of his proposed 2013 budget.  At a City council meeting last week many residents and city council members voiced their concerns about the Mayor Henry's original proposed budget prompting him to go back to the drawing board. -->
By: Sherrell Hubbard
Updated: October 15, 2012
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Fort Wayne's Mayor unveiled an amended version of his proposed 2013 budget.  At a City council meeting last week many residents and city council members voiced their concerns about the Mayor Henry's original proposed budget prompting him to go back to the drawing board. 

 

The proposal would maintain the City's cash reserve and use some of the interest from the legacy funds.

 

The mayor says by using a one-time distribution of interest from the Legacy funds they can steer clear of the City's savings account.  The newly proposed budget still includes a tax hike for homeowners but it's about half of what was originally proposed

 

City Controller Pat Roller says a 2.8 % tax levy is needed to keep the city in good financial shape. She says if approved, it would mean the owner of a $100,000 home would be paying an additional $11 in property taxes next year.

 

City council will vote on the 2013 budget on October 23. The following week, recommendations will be presented to City Council regarding the Legacy funds.

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