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Cumberland Schedules Constant Yield Hearing

May 19th, 2019 by WCBC Radio

The Cumberland Mayor and City Council will hold its regular meeting on Tuesday at 6:15 PM at City Hall.

During the session, they will conduct a public hearing to receive comment regarding the city's intent to not adopt the recommended constant yield tax rate, but instead hold to the city's current rate of $1.0595 per $100 of assessed property value.

That item is part of a full agenda that also includes monthly reports from city departments.

2 Responses to “Cumberland Schedules Constant Yield Hearing”

  1. May 19, 2019 at 8:56 am, Bob said:

    Luckily for our municipal money pit, the assessed property values are vastly higher than their real market values even if there were a market. It is dreadful for the property owners but the government’s priority is the government.

    Reply

  2. May 23, 2019 at 1:32 pm, mark said:

    And let’s keep ignoring the BIGGEST DRAIN on city coffers- healthcare costs for current & retired employees. Like thousands of towns and cities across America, the taxpayers are being drained by out of control drug & insurance thieves. Until we start a single payer or Medicare For All system we’ll continue to be fleeced and city services will still decline.

    Reply

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