The Alexandria City Council on Tuesday unanimously approved a $1.155 real estate tax rate cap per $100 of assessed value — potentially a 2.5 cent increase — for the proposed city budget.
City Councilman John Taylor Chapman proposed that council approve a half cent more than the $1.15 rate proposed by City Manager Mark Jinks last month. That half cent equates to $2.1 million, which Chapman says is a cushion that will allow council to add budget items without making cuts.