RENO, Nev. (MyNews4.com & KRNV) -- Sparks residents will be seeing some new taxes next year. They have been approved as part of the City of Sparks' newly approved its budget for the 2014-15 fiscal year.
The $55 million budget includes a hike in some property taxes and the garbage franchise fee. Around 3,750 property owners will see a hike of four cents to meet the city's cap of $3.65 cents per $100 of assessed value. There are 33,595 parcels in Sparks, so not everyone will be impacted by this particular tax hike.
Sparks Councilmember Julia Ratti, who represents Ward 1, said, "It affects a small amount of people and helps us maintain services and I think that's what people really care about."
There was no voiced opposition to the increase prior to the budget's adoption.
The budget also contains an increase in the garbage franchise fee from 5 to 8 percent. The fee would mean an additional 50 cents per month on garbage bills. Sparks Mayor Geno Martini said, "We don't like to raise taxes, but it's something we have to look at because we have to be proactive."
The new budget contains nearly a 5 percent increase in overall spending. It does not require any lay-offs or service reductions. Sparks City Manager Steve Driscoll said, "Our local economic conditions are stabilizing from the Great Recession and this coming fiscal year marks the second time we expect to see an increase in revenues for the City's General Fund Budget in eight years."
Driscoll added, "However, expenses are also expected to increase. The City of Sparks is committed to finding ways to decrease costs while providing the public services our residents deserve."