Tag Archives: Budget

The City of Algood approved its new fiscal year budget with no new property taxes Tuesday night. The $3.86 million budget includes a $517,414 overage in expenditures that will be paid for by the fund balance. City Administrator Keith Morrison estimated the June 30 cash balance this year at $6.3 million. The budget passed on second reading Tuesday night after ... Read More »

Despite revenue loss due to the pandemic, the City of Baxter’s budget does not include a tax increase. Baxter officials met Thursday night to discuss the city’s budget. Mayor John Martin said he’s confident in their $1.8 million proposal. “From everyone that we’ve talked to as far as the businesses in Baxter, we feel pretty good at it,” Martin said. ... Read More »

The Putnam County School Board approved the first draft of a new budget that will use some $1.1 million from the system’s fund balance. Director Of Schools Corby King said all county departments were instructed to present a zero increase budget due to COVID-19. King said the budget does include a expenditure increase but the school system will pay for ... Read More »

The Cookeville City Council amended its personnel policy Thursday night to eliminate an extra day of vacation for employees who do not use any sick leave. “We believe this benefit may encourage employees to come to work when they are sick to avoid losing that wellness day,” Cookeville Human Resources Director Gail Fowler said. “This is especially concerning during this ... Read More »

Crossville City Council members will look at a graduated one-time bonus for city employees when they begin considering the city’s budget. The city has suspended its pay improvement plan temporarily because of COVID-19. City Manager Greg Wood said lower-paid employees would receive a 1.5 percent bonus, with mid-range employees at one percent, and higher-end employees at 0.5 percent. Wood sent ... Read More »

The Monterey Board of Mayor and Aldermen voted Monday night to increase water and sewer rates by five percent. The board approved the first ordinance reading 6-2. Aldemen Alex Garcia and JJ Reels voted against the increase. Monterey has not raised rates since 2017. “If you look at the cost of the living over the past three years, it’s actually ... Read More »

Cookeville Regional Medical Center CEO Paul Korth said it will likely take until July until the center returns to normal operations. Korth said he projects operations will be back to 95 percent by July. Korth said hospital volume decreased 70 percent in April. As of now, Korth projects COVID-19 will likely produce a $20 Million impact on the medical center. ... Read More »

Cookeville City Council members will take the first steps toward a new fiscal year budget Monday with the first of two days of work sessions. Council Member Mark Miller said he believes the council should take a strong, conservative approach. “We need to continue allowing our essential services to function normally,” Miller said. “Some of the extra frills that we ... Read More »

Algood’s annual budget of $3.344 million received approval from City Council Tuesday night. The council unanimously approved the budget on first reading. Citizens will have a chance to comment on the budget at a May meeting before it receives a second reading. The property rate remains at .4407 per $100. A total of $100,000 will go toward city paving projects ... Read More »