The Newport Daily News reports:
Not wanting to go through another financial town meeting this year — two in May was plenty — the Town Council will not change the way it plans to levy taxes in fiscal 2011 to compensate for a change in the motor vehicle excise tax exemption.
Property tax bills are expected to be printed this week and mailed early next week to more than 6,000 property owners. Their tax rate actually will be 5 cents less than was announced after the second session of the financial town meeting that ended on May 15.
The new tax rate for fiscal 2011 will be $15.35 per $1,000 valuation, instead of the $15.40 that initially was calculated, Town Administrator James Goncalo told the council Monday night. The rate for fiscal 2010 was $14.35.
Taxing ourselves so heavily at a contentious FTM seems to have averted an attempt to increase motor vehicle taxes. That’s for this year, of course. Now the Town Council et al. have two taxes to ratchet upwards.
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