Tue July 17, 2012
No proposed tax increase in Omaha's 2013 budget
Omaha’s 2013 budget proposal contains no property tax increase, and estimates sales tax revenue will grow 1 to 3 percent.
Mayor Jim Suttle introduced the 2013 budget at Tuesday's City Council meeting. The general fund budget is $319.8 million, a 2.76 percent increase over the 2012 spending plan. Most of the growth in the 2013 plan is due to Omaha Public Works’ budget.
The budget plan accounts for 1.75 percent raises for police, fire, and civilian personnel in 2013. It also includes a police department recruit class.
City officials say they’re concerned by an estimated 1 percent loss in property valuations. That’ll mean less property tax revenue for Omaha. Restaurant tax revenue is expected to make up for that loss.
A public hearing on the budget will be held in mid-August.