Atlantic City residents will see more than the 5 percent tax decrease promised them, Mayor Don Guardian said.
But less than two hours before presenting the budget to City Council on Tuesday night, he couldn’t say exactly what the average homeowner’s new bill will look like.
Still fully under state control, it will be the Local Finance Board — which will get the budget presentation Wednesday — that will have the final word.
Residents will see a break, however, he told BreakingAC during an interview in his office late Tuesday afternoon. That savings will be a little bigger since residents will already have paid two quarters of last year’s tax rate by time this budget becomes official.
The budget is being helped by $13 million in transitional aid, adding to the $16 million already set aside for tax appeals.
There is also $16 million in additional grants, including
The tax bills also could be helped by the
In addition to waiting on state approval, the city also needs to see what the county does both for the municipal and school budgets.
Currently, the owner of the average home — $141,000 — pays $5,400 in taxes.
