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Preliminary OK Given For Oil City Budget

November 30, 2012

Oil City Council on Thursday gave preliminary approval to a 2013 budget that would include a one mil real estate tax hike.

The spending plan would total just over 16-million dollars.

With just one negative vote, Council gave first approval to a plan that would mean ten dollars more per year in property taxes per each ten thousand dollars worth of assessed property value.  City officials believe the tax hike would bring in nearly $187,000 in additional revenue next year.

Water and sewage customers within the city limits would also be paying more for those utilities next year.

A final vote on the budget may come on December 13th.

Council on Thursday also approved a two-year contract for the new Oil City Manager.  Eric Strahl, former City Manager in Menominee, Michigan, will begin work at his new position on January 14th.

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