How long will this increase sustain the City?

The City has a 5-year projection based on current inflation and knowledge. This model indicates the City will not need another increase until 2024, however this decision will be evaluated each year as the budget is prepared.

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1. Why are property taxes important?
2. Where do my property taxes go?
3. Are property taxes affected by inflation?
4. Why have my property taxes gone up if the City hasn't raised them?
5. Why is the tax rate increase needed?
6. How long will this increase sustain the City?
7. How does Murray City stack up against other cities? Is the City being cost effective?