© Times-Herald photo by Lisa Goudy
Brian Acker, director of financial services, answers a question about the 2014 equipment reserve budget at the March 17, 2014 budget committee meeting at city hall.
Vacant commercial and industrial land will have a mill rate factor 2.5 times higher than developed property of that type.
Executive committee discussed and passed a number of mill rate factors for the 2014 tax policy. The most-talked about issue was the establishment of a new sub-class for vacant commercial and industrial land and establishing a mill rate factor for that land.
Brian Acker, director of financial services, said there are 141 vacant commercial and industrial properties in the city.
Mayor Deb Higgins said she believes the proposal could work based off of personal experience.
But Coun. Brian Swanson said increasing taxes on vacant lands doesn’t make sense.
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