Steele told the city counsel if the tax increase does not pass, their alternative option would likely be to begin charging for trash service, which could bring in $2.8 million annually.

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Looking forward: The Anderson City Council is expected to hear public comments on the proposed income tax increase and vote on the resolution during its public meeting on Aug. 14. It would then take the approval of at least one other large government body in the county or several small bodies for the tax to go into effect before the end of the year.

Anderson’s changing property tax bills

Residential property with homestead exemption and average gross assessed value of $67,953

Net property tax bill 2007 $692.20

Net property tax bill 2010 425.11

Anderson’s estimated lost property tax revenue due to capped tax bills

2008 $821

2009 $2,081,559

2010 $4,656,498

City of Anderson General Fund Budget Projections, 2008-10

Balance at the end of 2008 -$1,151,965

Estimated loan $1,200,000

Adjusted balance $48,035