Several things breaking in Arnold’s favor are helping the city avoid increasing property taxes next year.
Council is scheduled to vote on the city’s $4.4 million 2021 budget during a meeting on Tuesday. The meeting will be held remotely on Zoom, beginning at 7 p.m.
As proposed, the city’s property tax rate would remain at 43.5 mills.
“A lot of things broke our way this year and that was good,” said Councilman George Hawdon, council’s director of accounting and finance. “As a result, we were able to avoid a tax increase.”
Savings found in other areas are helping Arnold absorb a 40% increase in its pension costs, and the city’s revenue has not been impacted as much as feared by the covid-19 pandemic.