US EditionNewport Manager Says City is “Eligible” to Exceed Cap on Annual Tax Levy - Newport This Week
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Newport Manager Says City is “Eligible” to Exceed Cap on Annual Tax Levy - Newport This Week
In his first proposed budget, Newport City Manager Colin Kennedy said the city is “eligible” to exceed the 4 percent annual tax levy as set by state law. Despite the language, Kennedy’s proposed budget and tax rates for Fiscal Year 2026 DO NOT exceed the limit. The ability to exceed the cap is due to principal payments beginning this year on debt for the Pell Elementary School and Rogers High School building projects, Kennedy said. Any ann…
·Newport, United States
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