Newark Plans Property Tax, Water Rate Hikes - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Newark Plans Property Tax, Water Rate Hikes

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NEWARK, Del. (AP) - Administrators in Newark are recommending a property tax and water hike and a new storm-sewer fee.

Staff previewed highlights of next year's spending plan for the City Council on Monday. They recommend a 7.2-percent rate hike for water customers and a 1.5 percent property-tax hike for 2014.

The storm-sewer fee under consideration would cost residents $90 a year and businesses $360 a year.

Finance Director Lou Vitola says the additional revenue will help make up for rising operating costs. He says property taxes would increase to 70.65 cents per $100 of assessed value. Taxes on an average home would increase by roughly $7.29 a year to nearly $496.

Water customers' average monthly bill would increase by $2.26 to $33.37 within city limits.

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