Lebanon City Council is scheduled to meet tonight, Wednesday, Sept. 28at 5:30 in a special called meeting to consider passing a 2011-2012 fiscal year budget on first reading, totaling $19.95 million.
The budget must pass three readings, and recently, the council has failed to pass several proposals on first reading. The new proposal removes all tax increases that had been previously suggested to make up a $1.85 million deficit.
That deficit is instead to be made up through utilizing $1.85 million from the Rainy Day Fund, which previous tax increases were designed to avoid.
From Post staff reports