Commerce approves budget, tax rate
Commerce – The Commerce City Council has passed its 2009-2010 fiscal year budget and tax rate as presented, one week after voting 3-2 against it.
The $9.7 million budget was passed by a 3-1 margin, with Bob Monday voting against. Councilman Tony Henry was not present. A tax rate of 76 cents per $100 valuation was also approved by the same 3-1 tally.
The upcoming year's budget will include $100,000 in contingency funds, the amount of which was strongly debated during Monday's meeting. Council was split over if the amount should be lower, resulting in a lower tax rate. One option presented gave a $25,000 contingency plan, which could have made for a 74 cent tax rate.
In the end, the $100,000 figure remained the same and council met its September 29th deadline to approve its budget and tax rate.