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Bedford City Council adopted Bedford’s first town budget in decades last week. The end result will be lower real estate taxes next year for residents currently living in the city of Bedford, once it becomes a town.
City Council voted, in a 4-3 vote, to provide an additional $5,000 for Bedford Main Street and and $1,000 to the Wharton Foundation.
“Both of these organizations do a great deal for the community,” said Jim Vest, who had argued in favor of this funding at a late May work session.
Stacey Hailey, Skip Tharp, Vest and Mayor Bob Wandrei voted in favor while Mary Flood, Steve Rush and C. G. Stanley cast the opposing votes.
Wandrei ended up casting the deciding vote. As mayor, Wandrei read the roll call for the vote, which left him the last one voting. Prior to voting, he paused for several seconds then said, “I’ll say ‘aye’ reluctantly.”
The budget, itself, was adopted by a unanimous vote.
The city’s tax rate was set at 30 cents per $100 in assessed value. Town residents will pay this in addition to the 50 cent county tax rate. The combined total, however, will be less than the 86 cent city rate that city residents now pay. Although city council had discussed going lower at its last work session, the 30 cent tax rate was adopted with no further discussion.
Car tax relief was set at 50 percent.