Rockwood breaks budget impasse, increases taxes

After weeks of contention, Rockwood City Council unanimously passed the first reading of the 2013 budget.
The budget so far includes an increase to 90-cent tax-rate, which is down from the initial $1 per $100 valuation that was first proposed and later dropped to 95 cents per $100 valuation. The current tax rate is 75 cents per $100 valuation.
“I’m happy we started out with a tax rate of a $1 and now we dropped it 10 cents to 90,” Councilman Jason Jolly said.

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