Delaware County officials say that a 5% real estate tax increase is necessary to balance the 2024 budget. Should the tax increase remain in the budget, it would equate to a $38 annual increase for a property assessed at approximately $250,000, the county average. “Nine straight years without increasing revenue is a heck of a run,” County Councilman Kevin Madden said. “No organization — public or private — I don’t care who, you can’t see all of your costs go up significantly and see revenues stay flat and make that math work.” A final budget is anticipated to come up for a council vote at the Wednesday, Dec. 13, meeting. Read more here.
Source: Daily Times; 12/6/2023