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Sanghvi proposes $60.5 million comprehensive city budget.

At the 10/4 City Council meeting, Saratoga Springs Finance Commissioner Minita Sanghvi presented a $60.5 million comprehensive city budget that would increase spending by 5% and raise property taxes by 3%. She noted the city had not raised property taxes nor collected delinquent property taxes for 10 years, and a reassessment had not been done in over 15 years. “We’ve not collected delinquent taxes for a decade, which means in 2023, we find that our property tax revenues are not enough to cover even the public safety department budget,” Sanghvi said in a statement. A 3% tax increase would cost the owner of property valued at $200,000 about $3.25 to $3.32 a month, Sanghvi said.
Budget workshops are planned throughout October. From Spectrum Local News.