Danville council aiming to leave property tax levy alone
DANVILLE – Some city council members want to take more than $500,000 out of city coffers next year to pay for increases in employee retirement benefits, police pensions, fire pensions and the Danville Public Library fund rather than increase the city's property-tax levy to pay those expenses.
That proposal would spare the city from increasing the property tax levy for next year, but it would increase the shortfall – already estimated at $1.4 million – in the budget. Taking money already in the general fund instead of raising taxes would boost that to a $1.9 million deficit.
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