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“Although we are not drowning in debt right now, we have to come up with more revenue in order to avoid more financial challenges,” Matherly told the Daily News-Miner. “We must at least keep up with inflation. You can’t maintain current services while expenses are climbing and revenue is falling.”
If the council approves, the mill cap removal would be placed on the October ballot. The ordinance is co-sponsored by Matherly and all council members.
Councilmember Jerry Cleworth clarified that though it was possible that removing the cap would raise the mill rate, it was also possible for it to go down.
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