Council puts low-income housing levy on ballot

Members of the City Council approved an ordinance July 19 that places a low-income housing levy on the Nov. 8, 2005 ballot. Voters will decide whether to approve or reject a six-year increase in the regular property tax levy to raise $2,500,000 annually to help finance affordable housing for low and very low income households. The levy would increase property taxes by $0.18 per $1,000 assessed value and allow the levy to increase 4 percent per year in each of the succeeding five years.

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