City flip-flops on tax rate

City property owners caught a likely break in their upcoming tax bills Thursday night when the city council rejected its own earlier plan to raise the tax rate 4 percent.

Council members voted last month for the 4 percent increase, but reversed course and will now likely opt for what's called the "compensating rate," which gives the city the same amount of revenue it had a year ago, plus revenue gained from new homes or businesses.

That rate will provide an estimated $883,822 in revenue from real estate, about $27,000 more than the city received a year ago.

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