The Manitowoc City Council’s Finance Committee voted unanimously last night to send the 2019 budget to the full Council to act on Monday night. Committee chairman Jim Brey said the tax rate is just over $8.21 per thousand of equalized valuation, which would result in $5.00 more than 2018, on a typical $100,000 home for the city’s portion of the tax-bill. Brey says the 5 member panel considered 2 major items in Mayor Justin Nickels executive budget: the first was recommended adoption of a “wheel tax” starting next year.
The other major item, Brey referred to, was the mayor’s recommendation to borrow $9.7 million dollars in 2019.
Those committee reductions in borrowing included: $1.4 million dollars for repaving South 30th Street, from Calumet Avenue to Dewey Street and, a $500-thousand dollar upgrade to the Chicago and Northwestern Railroad peninsula property that the city is still negotiating to purchase.