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Burlington PropTax Hike Now Seems Inevitable

By on December 11, 2012
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IF YOU LIVE IN BURLINGTON, YOUR PROPERTY TAXES ARE GOING UP. THE CITY COUNCIL LAST(MON) NITE TOLD CITY MANAGER JIM FERNEAU TO COME BACK WITH TWO ALTERNATIVES — ONE WITH AN INCREASE OF A-DOLLAR-50…AND THE OTHER A-DOLLAR-75 PER THOUSAND.  FINANCIAL CONSULTANT TRAVIS SQUIRES OF PIPER JAFFRAY SAYS DUE TO A 10-YEAR OLD BOND ISSUE, YOUR TAXES WILL GO UP EVEN IF THE CITY COUNCIL DOES NOTHING. 

THE COUNCIL…MINUS SHANE MCCAMPBELL, WHO WASN’T THERE…SEEMED TO AGREE BY CONSENSUS THAT A 2-DOLLAR INCREASE WAS TOO MUCH FOR TAXPAYERS TO BEAR, ONE DOLLAR TOO LITTLE.