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A significant hit on the local economy and a decline on property valuation led local officials to brace for the impact on budgets.
The City of Sidney made 10 percent cuts across the board and watched to see what would happen. The good news, according to Sidney’s Finance Director David Scott, is the impact is not nearly as severe as expected.
In Tuesday night’s city council meeting, Scott announced the sales tax numbers are near the same level as last year. In his budget report Scott noted that property tax collection was 5 percent of the budget in 2016 and 2018, and 10 percent of the 2017 budg...
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