Salisbury residents could be hit with a 1.5 percent hike in their property taxes after four years of holding the line on such an increase.
That’s the issue facing the city as Mayor Jim Ireton rolled out his 2013 budget plan this week.
The Mayor says the increase is needed in light of the decline of $1.7 million in property tax revenues since 2010 because of a $221 million drop in property assessments.
Ireton noted that city employees have experienced a series of furlough days and frozen or unfunded positions to make up for the decline in revenues.
With fewer employees the Mayor said he was proposing no furloughs for city employees and a 3 percent increase in health insurance premiums.
