Henderson Considers Property Tax Increase
(Las Vegas, NV) — The Henderson City Council is examining ways to bridge a $19 million annual budget deficit, while funding infrastructure repairs.
A Special Budget Ad Hoc Committee presented recommendations to Mayor Andy Hafen and the council at a meeting Tuesday night. They suggested raising some city fees and cuts to some services.
The committee also proposed raising property taxes by 20 cents per $100 of assessed value. A ncrease of three percent is the maximum allowed by law.
Henderson has not changed its tax rate in over 23 years. Chief Financial Officer Richard Derrick tells KXNT, property and consolidated tax revenue–mostly sales tax–are down more than thirty percent, to 2005-2006 levels.
To address declining revenue, the city has eliminated 230 staff positions, and cost of living increases have been frozen since 2010. Construction and improvements to the city’s infrastructure have been deferred as well.
Henderson officials are soliciting public input before making final decisions. If they seek the property tax increase, it could go before voters in spring 2015.