As tradition has it, the Lexington city council will come out of its summer break with a taxing matter to address.
Lexington Mayor Linda Gorton said “on Tuesday, the first day council is back, they will have to decide on the tax rates for next year. Their very first day back. So, it’s setting the property tax rates for next year.
Council members always have options when it comes to setting property tax rates. Everything from keeping the rates intact to increasing the rates more than four percent, which would allow for a voter recall. With ever-increasing property values overall, Gorton said she is not recommending a tax increase.
In addition to the general services fund, council will also consider rates for urban services like street lights, street cleaning, and refuse collection. Final approval is scheduled for the end of August.
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