Editor’s note: For those folks in Pottstown, please note that Reading is 4 times as large as Pottstown, yet their budget is only twice as big.
City Council on Monday adopted a $77 million budget for 2013, as well as the increases in property, local earned income and commuter taxes needed to make it work.
• The property tax will rise by 9.45 percent, or 1.355 mills, to a total of 15.689 mills. An owner with a property assessed at $50,000 will pay an extra $67.75.
• The local earned income tax on city residents will rise by 0.2 percentage points to 3.6 percent. That rate includes the Reading School District‘s share.
• And the commuter tax will rise by the same 0.2 points, to 0.3 percent.