It won’t be official until Truth in Taxation hearings are held in August but Tuesday night the Logan Municipal Council approved a budget of just under $144 million for the 2014-15 fiscal year. Logan City Fiscal Manager Richard Andersen told the council there is a small increase in the library property tax.
“We’re planning to raise the library levy by approximately 4.5%,” Andersen told the council. “What this works out to be on a $188,000 residential home, the increase in property taxes attributable to Logan City would be $3.62 per year.
“On an equivalent business, a $188,000 business, because of the residential increase is less, the business increase would be $6.58 per year.”
Andersen said without the increase the library’s budget would have to be cut.