The City of Charleston will not be asking taxpayers for more money next year on their tax bills. The city is proposing a $147.7 million budget for 2009. The budget includes only a $719,000 increase in spending — up less than a 0.5 percent over last year. We’ll assume that money is coming from an increase in property tax revenues.
By comparison, the increase in spending year-to-year between ’07 and ’08 was more than $8.3 million, or 7.2 percent.
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