June 30, 2020 in Local, Top Stories

CROSSVILLE CITY COUNCIL PASSES NEW FISCAL YEAR BUDGET WITH NO PROPERTY TAX INCREASE

CROSSVILLE MAYOR DISCUSSES SHOPPING COMPLEX PLANS

The Crossville City Council voted unanimously in a special meeting late yesterday to keep the property tax rate for the upcoming budget year the same with no increase.

“I will not support a property tax increase while we have $14 million dollars in the reserve (rainy day fund) to use,” said City Councilman J.H. Graham III. He went on to make a motion to keep the property tax the same as last year. It received a second from Councilman Scot Shanks and passed.

The current property tax in Crossville is 59 cent per $100 of assessed value. The council previously entertained a 5 cent increase but a grant of nearly $285,000 coming to the City of Crossville offset a shortage in the new budget. Added with recent sales tax collections not as bad as previously thought, officials balanced the new budget. A second phase of a pay raise program for city employees will go into effect July 1, 2020.



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