Manchester's tax cap tightens belt just a notch
The city’s finance director this week announced the official tax cap number, which is based on the three-year average change in the Consumer Price Index. Earlier this month, the U.S. Bureau of Labor Statistics released its CPI statistics for 2013.
Last year, Mayor Ted Gatsas proposed budgets of $138 million for the city and $155.7 million for the school district. Using these figures as a rough guide, the budgets for the next fiscal year, which begins July 1, cannot increase by more than $2.9 million for the city and $3.3 million for the schools.
Among the proposals city officials are considering is a “pay-as-you-throw” trash collection program that could, according to one estimate, save the city $3.5 million.
Finance Director Bill Sanders did not return a call for comment on Thursday. email@example.com
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