Old Town settles for 10 percent tax hike in final budget

Old Town settles for 10 percent tax hike in final budget

Old Town residents’ property taxes will spike nearly 10 percent and the city will cut 11 full-time and four part-time employees to fix its budget gap. The Old Town City Council approved a $16.7 million budget on Monday, which is a $124,490 decrease from last year’s budget. The decrease comes from large cuts to city hall and public works positions that offset a nearly $375,000 increase in the public safety budget. The rising tax rate stems from N…