Atlantic City residents should know how much the city's losing ways will cost them in municipal taxes Wednesday.
City Council is set to vote on the amended budget Wednesday evening, after the state has its required vote on it earlier in the day.
The budget introduced in February carried a nearly 24 percent tax bill increase for residents, blamed largely on $3.7 billion in ratables lost mostly in successful casino tax appeals.
Under the proposed budget, the tax rate would rise to about $14 per $1,000 of assessed property value compared with $11.30 last year. The amount is down a couple of cents, courtesy of $5 million that covers revenue lost during Hurricane Sandy, said Michael Stinson, director of Revenue and Finance.
The proposed $14 rate would mean a municipal tax bill of $3,206 for the owner of a home with an average residential assessment of $229,000, up from a $2,588 bill under last year's rate. The amount does not include school, county and other taxes.
The city is still under state oversight, so the Department of Community Affairs' Local Finance Board will have its own vote on the budget Wednesday. City representatives are on the hearing schedule at 11:30 a.m. Wednesday in Trenton, Stinson said.
"There are still questions going on," he said of what numbers residents may be looking at. "We don't have the final budget they're going to adopt for us."
DCA spokeswoman Tammori Petty said the budget will be taken up around noon, and the department would not publicly discuss it until then.
Shortly after the preliminary budget was accepted, Petty said the city had "actually kept expenses and total levy relatively flat.
"As casinos successfully appealed their taxes, the amounts the casinos traditionally had been paying are shifting to other taxpayers," she said at the time. "The solution to this problem is for the re-evaluation to be done, which brings down other folks' property values consistent with market trends over the past five years since the last re-evaluation was done."
But, she said, the mayor had not put a revaluation plan on the table.
Earlier this year - when the city agreed to another year of state oversight - city and state officials said there was not enough money to pay for a revaluation this year.
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If you go
What: Vote on amended 2013 city budget
Where: City Council meeting, second floor Council Chambers, City Hall
When: 5 p.m.