Property Tax Hike Proposed To Balance Augusta's Budget - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

Property Tax Hike Proposed To Balance Augusta's Budget

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You could pay more taxes next year to help balance Augusta's budget.

At a work session Tuesday afternoon, Augusta Finance Department officials proposed increasing property taxes out of a projected $8 million to $10 million budget shortfall. A 12 percent tax hike would bring in $4 million in revenue, however some Commissioners say they don't want to use property taxes to get out of the budget hole.

"I think right now, no. To me, raising property taxes in this economy, we need to cut spending, and if that means every little bit...we need to cut it and each department needs to give up and understand we're in tough times. We're not out of the woods yet," says Commissioner Joe Jackson.

Finance officials say a 12 percent increase would mean an extra $35 on a home valued at $100,000.

 

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