Monday, May 20, 2024
Happening Now

Tag Archives: Property Tax

Property Tax Elimination Could Pose Risks To Celina

Celina has the legal right to stop property taxes under state law, but the move could pose additional challenges to funding a city’s programs, personnel, and general operations. That according to Tennessee Comptroller’s Office Director of Communications John Dunn. The Celina Board of Aldermen discussed its desire to eliminate the town’s property tax in its new fiscal year budget. Dunn ... Read More »

Celina Mayor Proposes Ending Property Tax In New Budget

Celina Mayor Luke Collins suggested discontinuing the city’s property tax as part of the budget for the 2024-2025 fiscal year. Collins told the Board of Aldermen Tuesday night the city’s property tax brings in some $200,000 annually. He said the current property tax is set at 87 cents. With a fund balance of $1.3 million, Collins said the city is ... Read More »

Monterey’s 3-Cent Property Tax Increase Workable

Monterey Alderman Bill Wiggins believes a three-cent property tax increase provides department heads with needed resources without imposing a dramatic impact on residents. Wiggins said Monterey’s property tax has been $1.36 for as long as he can remember. He believes three cents is a modest increase, especially compared to earlier versions of the budget that the board considered. “Oh my ... Read More »

Cookeville Proposed Budget: No Property Tax Change

Cookeville’s proposed budget for the 2024-2025 fiscal year includes no change to property taxes and raises for all city employees. City Council got its first look at the budget Wednesday during the first of two days of work sessions. The proposed budget keeps property tax at 92 cents. Cookeville City Manager James Mills said he estimates some $38 million in ... Read More »

Monterey Passes Budget With Questions Still To Answer

After a work session and meetings with department heads, Monterey Aldermen approved a first draft of a new fiscal-year budget Monday night that Aldermen admit will not work. Board Member Alex Garcia said the draft was approved so that the town could have a second reading in May, a third in June, and be approved by July 1. The board ... Read More »

Crossville Sports Authority Could Help Finance Rec Center

Crossville looking at the formation of a Sports Authority to serve as a financing mechanism for the Recreation Center project. Crossville Mayor RJ Crawford said a Sports Authority would allow the city to leverage water rates and sales tax revenue to lower bond obligations. He said the residents of Crossville have made it clear that if building a rec center ... Read More »

Adcock: Property Tax Cap Detrimental To Rural Counties

Dekalb County Executive Matt Adcock said a bill going through the state legislature capping property tax increases would be devastating to counties like Dekalb. A Madison County representative wants to require a referendum for property tax increases of more than two percent plus the cost of inflation. Adcock said local voters already have a way to control tax increases by ... Read More »

Jackson School Board Passes Resolution Against Vouchers

The Jackson County Board of Education approved a resolution during its Monday meeting opposing Governor Bill Lee’s proposed Education Freedom Scholarship Act. The so-called Vouchers Bill would provide public tax money for up to 20,000 children statewide to pursue private schooling. Chairman Mark Brown said the act would have a negative effect on everyone in the county regardless of if ... Read More »

Overton Commissioners Leave Public Liquor Vote Tabled

Overton County Commissioners would not agree to discuss a November Liquor-By-The-Drink referendum Monday night, leaving the issue undecided. Commissioners Patrick McCurdy and Jesse Bowman voted to bring the issue back to the agenda for discussion and a vote. The rest of the commissioners voted against it. Chairman Darwin Clark said it would take take a motion and a vote from ... Read More »

Cumberland’s Foster Told Bill Lee Keep Counties In Mind With New Budget

Cumberland County Mayor Allen Foster asked Governor Bill Lee to keep the county in mind as he moves toward finalizing his budget for the new fiscal year. Foster was the lone Upper Cumberland representative among the four county mayors who attended the meeting last week. Foster said budgets are tight right now at the county level. He said that as ... Read More »