Scranton city officials have released the proposed budget for 2024, which includes a 3.5% increase in property taxes. Mayor Paige Cognetti explained that the overall value of properties in the city has decreased, resulting in less revenue from property taxes. To compensate for this shortfall, property owners will have to pay more starting next year.

Impact on Residents

“Think about senior citizens. I’m 72 years old. Where am I supposed to find the money on a fixed income? This isn’t good,” said Scranton resident Gerry Dombroski. Many residents, especially those on fixed incomes, are concerned about the additional financial burden.

Reasons for the Tax Increase

Mayor Cognetti acknowledged that raising taxes is a difficult decision but emphasized that it’s necessary. The city has to cover nearly $5 million in additional costs for 2024. These costs include pension obligations, salary increases for city employees, and a loss in assessed property values. The increase will help fund pensions and pay raises for police officers and firefighters.

The Financial Breakdown

City officials explained that the 3.5% property tax increase amounts to about $36 for the average property owner. “We prefer a small increase now rather than a significant hike of $200 or $300 in five years. It’s better to be gradual and incremental with these tax increases,” said Mayor Cognetti.

The Cost of Living and Future Plans

The rising cost of living affects many households, making even small increases challenging for some residents. “It adds up quickly. Many people can’t afford it as prices keep going up on everything,” said Scranton resident Anthony Sostak. Mayor Cognetti also pointed out that the city faces higher costs for various items, including tires and fuel.

Upcoming Public Meetings

Mayor Cognetti and the Scranton City Council will hold two more public meetings to discuss the proposed budget. These meetings will take place on November 14th and 16th at 5:30 PM at City Hall. The mayor and council members are looking forward to discussing the budget with residents and working together to get it passed.

In summary, Scranton’s proposed 2024 budget includes a necessary 3.5% property tax increase to cover the city’s financial obligations and maintain essential services. The city aims to manage these increases gradually to minimize the impact on residents.