54:28
So, if the budget is approved as proposed, it will require a 3% increase in taxation and that's after growth. So, a net municipal property taxes of 21.7 million this year constitutes that 3% increase.
2:40:25
As I think most of my colleagues know, property taxes were set up as the primary way of financing municipalities under the Baldwin Act of 1849, which I'm sure you've all read cohesibly.