Portsmouth is a great place to live, but our FY15 budget (7/1/14 – 6/30/15) is funded 85% by property taxes. Most other RI municipalities are at 75%, with 25% coming from fee-for-service revenues. Clearly, other revenue sources need to be explored, such as charging increased (or new) fees for certain services.We need new revenue solutions, as well as continuing the cost cutting measures already started, to keep our economic future bright.
How do user fees differ from a tax? There are two important distinctions. A fee approach provides residents an option to pay, or do without the service, while Increasing property taxes offers no option… lean times or good, you have to pay. Secondly, the cost of services are borne by the actual users, not subsidized by non-users.
This survey asks your opinion on some potential user fees under consideration.