City Administration to present Budget to City Council

City administration leaders tonight will present the proposed 2007 civil city budget to City Council. The council meeting begins at 5:30 p.m. in Room 128 of the City-County Building.

Mayor Graham Richard'€™s proposed budget is balanced with the lowest city property tax rate since 1964.

The city tax rate is estimated to drop 21% from 2006. The owner of a $100,000 home would see an estimated 34% net reduction in city property taxes, a savings of $128 for the taxpayer.

The total 2007 proposed property tax supported budget is $143.1 million. The total budget is $172.7 million.