During the meeting, it was explained that the increase in new growth for personal property revenue resulted from infrastructure developments by local utility companies. These developments involve the installation of new gas pipelines and electric lines, contributing a notable amount of revenue to the city. The city collects this revenue by sending out a “form of list” to business owners, who report new items and their values, adjusted for depreciation. This procedure ensures that the city can accurately assess the value added by these infrastructure projects, though it was noted that this revenue might decrease once the construction is complete.

The council’s decision to set the tax factor at 1.75 was made without opposition. The council also adopted related orders to formalize the tax classifications for real estate and personal property.