Putnam Schools Aiming To Stay Out Of Reserve Fund
New money will keep the Putnam County Schools from dipping into its reserve fund, as the School Board approved the second reading of its budget Thursday. Director of Schools Corby King said the district’s expected expenditures still sit at some $123 million with some $122 million in expected revenues. He said the latest TISA estimate […]
Baxter Passes Budgets, No Tax Increase
Baxter passed its budget on second reading Wednesday night. Baxter Mayor John Martin said employees are the highest priority in this year’s budget. He said all city employees would receive a raise of at least $1 per hour, with others receiving larger special increases. He said conservative spending will allow the city to avoid a […]
Dekalb Schools Asking County For Help With Salaries
Dekalb County School officials told the County Commission’s Budget Committee Tuesday night, it needs help funding salary increases for teachers and staff. Director of Schools Patrick Cripps said by keeping a healthy fund balance, the district has managed to fund raises itself in years past. He said as general expenses increase and the district works […]
DeKalb Budget Focusing On Justice Center, Concerns For Teacher Pay
As budget deliberations begin in DeKalb County, the focus center on funding a new justice center and jail as well as increases in teacher pay. That according to County Executive Matt Adcock. The budget committee had discussed a bond resolution for the justice center during multiple meetings this month, but have failed to pass the […]
White County Budget Committee Discussing Reappraisal Impact
The White County Budget Committee discussing the potential impact of the reappraisal process coming next year. Property Assessor Junior Jones said they are expecting to see property throughout the county appraise for up to forty-five percent more than it did in 2020. Jones said the state requires to reappraisal process to have a neutral impact […]
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 […]
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, […]
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 […]
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 […]
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 […]
