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Oil City Budget Would Include 1.6 Mill Tax Hike

November 22, 2013

Oil City Council on Thursday gave their approval to a preliminary 2014 city budget set at over $16.3 million.

As it currently stands, the spending plan would include a 1.6 mill real estate tax increase, or about $16 dollars more per year for each $10,000 worth of assessed property value.

Water and sewage rates would go up in the city by more than four dollars per month, and increased service rates would apply to customers in Cornplanter and Cranberry Townships.

City officials hope to be able to trim some budget items before final approval is given next month.

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