SACO — The city administrator has proposed a $23.5 million municipal budget, a slight increase from the current year’s budget.

City Administrator Richard Michaud presented an overview of the budget at Monday night’s city council meeting.

The proposed budget is a $157,000 increase from last year. It would increase the current mil rate of $18.58 by .05. This would mean a $10 tax increase on a home valued at $200,000. This estimate is only for the municipal budget and does not include the impact of the proposed school budget on taxes.

Michaud said the council wanted a city budget proposal that wouldn’t raise taxes.

“This budget doesn’t quite meet that goal, but it’s close,” he said.

The proposed municipal budget maintains current service levels within the city, said Michaud but would decrease the capital improvement plan from nearly $1.2 million to about $602,000.

The proposed budget would call for a $550,000 draw on the undesignated fund balance, which is nearly $786,000 less than the current year’s draw.

The city council will discuss the proposed budget in a series of workshops before approving a final budget.

For more information on the city’s budget, go to www.sacomaine.org. For information on previous year’s budgets, click on “administration” under the “departments” tab and then go to the “reports” section.

— Staff Writer Liz Gotthelf can be contacted at 282-1535, ext. 325 or egotthelf@journaltribune.com.