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Raiding Reserves Seen As Solution To Augusta Budget Battle - Greenville, NC | News | Weather | Sports - WNCT.com

Raiding Reserves Seen As Solution To Augusta Budget Battle

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Augusta Commissioners are looking at raiding city savings to avoid increasing property taxes.

City leaders will discuss a new proposal next week to balance the 2014 budget.

The biggest change will be to eliminate a property tax increase to generate 4-million dollars.

The plan calls for a 2% excise tax on industry and using $4 million from reserves to fill a projected $8 million hole.

"I think this is the best solution for now. Of course, I don't support either one of them now, the excise or the property tax, but at this juncture it will be the best compromise moving forward...give us the opportunity to keep services levels as they are at this point," says Mayor Pro-Tem Corey Johnson.

Under the proposal, city employees would get pay raises, but instead of $1,500...they would be $500. Also, city departments would have to absorb a 2.4% budget cut.

Commissioners are scheduled to vote on the budget December 3rd.

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