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Cedar Rapids council approves budget with tax hike and cuts
The council set a 2.7 percent levy increase starting last month, raising residential taxes to 103 per 100 from last year due to higher valuations and a rollback. Commercial rates rise 5.82 percent while industrial rates fall slightly. City employees keep their jobs and receive about 3 percent raises, with $10 million of capital projects cut from a $280 million budget. The pension funding outlook pushes tax needs to February 2008 with a 7 percent rise if reserves aren’t added.
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Cedar Rapids
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St. Luke’s Hospital