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Springfield City Council will host a public hearing prior to their Sept. 10 meeting date to discuss real estate and personal property tax rates for 2013.
The current rate, which sits at 13.933 cents per $100 of assessment, brings in $182,995,620 for the city of Springfield. The allowable revenue increase of four percent, means the city has the option to change the rate to 14.49, which would result in $10,797 toward Springfield’s budget.
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