City Budget Adopted with Slight Tax Hike

The Annapolis City Council adopted the coming fiscal year’s budget Monday, a spending plan that weighs in at $95.6 million, calling for a an increase to the property tax rate by 1.04 cents per $100 of assessed value.

“The theme of this budget is responsible restraint,” Mayor Josh Cohen said in a release following the budget’s adoption.

Cohen explained that the budget maintains the city’s assets and strengthens the city’s financial position by building a fund balance, and does not raise water and sewer rates, or solid waste fees.

The budget prioritizes maintaining city infrastructure, including an investment in road resurfacing and sidewalk repairs, as well as repairs to City Dock’s bulkhead and flood mitigation and renovations at Hillman Garage.

The full budget can be viewed online at the City of Annapolis website.