The city of Greenwood gave a first approval to a tax increase that could be used to pay for future street repairs and equipment for the police and fire departments.
If given final approval next week, the city’s capital projects tax rate would increase from 4.75 cents per $100 in assessed value this year to 5 cents, which is the maximum the city is allowed to charge.
Residents could see their tax bills go up in 2014, depending on their property values and if they already have met their property tax cap.
