Councilwoman Cyndi Lamm would like the city to drop its tax rate by one-half cent.
Lamm is proposing the half-cent reduction in her list of budget changes that will be discussed by the City Council on Thursday afternoon.
Lamm said the funding for the half-cent drop — about $1 million — could come from a combination of cuts, including eliminating pay raises for nonunion employees, limiting hiring in general fund agencies other than public safety and transportation, limiting budget growth to no more than 4 percent in all agencies but police and fire, and selling Pershing Center to save $100,000 a year in maintenance costs.
Mayor Chris Beutler’s budget plan is built on maintaining the current tax rate of 31.648 cents per $100 of assessed property valuation.
A half-cent reduction would save the owner of a $182,400 home about $9.12 a year.
The city levy makes up almost 16 percent of a Lincoln property owner’s total property tax bill. Lincoln Public Schools is the biggest property tax user, accounting for more than 62 percent of the property tax bill.
— Nancy Hicks