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Charleston council approves $3.5 million tax hike - Live5News.com | Charleston, SC | News, Weather, Sports

Charleston council approves $3.5 million tax hike

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Councilman Seekings speaks during last week's town hall-style meeting. Councilman Seekings speaks during last week's town hall-style meeting.
CHARLESTON, SC (WCSC) -

Charleston City Council voted Tuesday to approve the first reading of a $3.5 million tax hike for its citizens.

The hike, proposed by long-time Mayor Joe Riley, would be the first for Charleston since 2008.

It would set aside money for a number of projects, including: placing school resource officers in public and private elementary schools, building new fire stations in West Ashley and Cainhoy, providing a new ladder truck and hiring new firefighters.

The vote, which passed in a narrow vote of eight to five, could take effect as early as next month.  Mayor Joe Riley has said expediency is vital, as Charleston does not have a moment to waste.

The city's 2013 operating budget is just over $138 million. According to City Councilman Mike Seekings, almost 46% of that total is already used to fund public safety like police and fire services.

If passed, city taxpayers would pay $40 more a year on a $250,000 home.

A second reading on the proposed hike will be held on Feb. 26, and public comment will be allowed during that session.

(Editor's note: A previous version of this story stated part of the money approved would go towards increasing the police presence on upper King and Market streets.  That was incorrect.  Live 5 News sincerely regrets the error.)

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