As a follow-up to our Feb 5 worksession discussion of FY14 budget guidance, we received the FY14 proposed homestead tax credit.

Accordingly, our Director of Finance has updated the assessment schedule. We are now projecting that, at the current rate, FY14 real property tax will be $358,762 lower than FY13.

Though it’s a loss, it’s a good news, as this new figure is lower than the “worst case scenario” of $714,953.