A tax rate has been adopted, with a valuation of about $0.416 per $100. This is expected to bring in roughly the same revenue as the previous year. Two council members, Alex Porretto and Jason Hardcastle, opposed the measure.

The decision was made with a vote of 5 to 2. City staff anticipate that the new rate will maintain current revenue levels.

Further information on this decision is available from the source, including details on the voting process and expectations for the new tax rate.