At the City Council meeting on August 4, City Manager Steven Buck reviewed the fiscal year 2020/2021 city budget projection and the Assessor's report of valuation with the Council. He reported that new construction and increases in property valuation have resulted in a significant increase in the total current assessment of property in Sanford and Springvale. New value has added more than $20 million to the City's total assessment, while market value has increased nearly $60 million over last year.…
