Germantown adjusts tax rate downward ahead of budget approval
Germantown is considering a slightly lower tax rate than what was previously shown to city leaders and the finance commission.
There are 30 article(s) tagged property tax rate:
Germantown is considering a slightly lower tax rate than what was previously shown to city leaders and the finance commission.
After a bit of figuring, Arlington is getting closer to setting its property tax rate. Now officials must decide whether ambulance service is covered by a fee or property taxes.
Kristi Francavilla, the city’s assistant director of finance, says in calculating the budget the city is “trying to address our rising costs” in areas such as public safety, employee benefits and infrastructure.
Questions about some of the calculations that set the certified property tax rate, delayed the first reading of the budget in Arlington.
“Growth hasn’t paid for itself, and government expenses have grown faster than the growth,” one resident said, adding that the town’s budget has tripled throughout the same dozen years while the population has not even doubled.
Germantown’s Financial Advisory Commission endorsed exceeding the certified rate. But that number isn’t official just yet.
The overall plan includes up to 37 townhomes, 114 individually owned stacked flats, 600 rental apartments and more than 50,000 square feet of retail.
Leaders of the Memphis suburb intend to avoid a property tax increase for the coming fiscal year that begins in July.
Arlington officials have adopted their budget for the fiscal year that starts in July, maintaining the town’s $1.28 property tax rate for the third straight year.
Bartlett aldermen approved measures that will improve sewer service through and near the suburbs in a meeting where they also adopted the upcoming fiscal year budget.
Arlington officials hope to hold the line on the current property tax rate last the town begins laying out the fiscal year budget.
Bartlett will maintain its property tax rate under the proposed budget, but there are several fees that the suburb will add in the coming fiscal year.
Collierville is reviewing its budget, and town officials will likely propose a tax increase to fund the $104.3 million operating budget.
Bartlett officials began their review of the coming fiscal year’s budget on Thursday, with no anticipation of a property tax increase, but a hike in a couple of fees.
The $150 million Ashmont project continues to face questions.
The Lakeland Board of Commissioners has started the budget review process and maintaining the suburbs’ current $1.04 property tax rate for the fiscal year that begins July 1.
Arlington’s Board of Mayor and Aldermen passed the first of two required readings.
The Bartlett Board of Mayor and Aldermen have begun their annual approval of the fiscal year budget and a slight decrease in the property tax rate.
The County Commission Scorecard tracks the second in a series of votes on a county property tax rate. But the votes probably don’t close out the county’s budget season with four of the 13 commissioners absent.Related story:
Germantown approved its $197.9 million budget. The board also established a new speed limit for minor streets in the suburb.
The scorecard tracks the key votes that closed out the city’s budget season, including cutting off a proposed property tax hike before it got to the floor.
The legal opinion will be about the chain of events at the June 7 session that led to the first approval of the $3.46 county tax rate.
Lakeland settled on a $1.04 property tax rate to fund its $100.5 million budget. Increased sales tax revenues helped offset the suburb’s spending.
The tax hike requires one more vote by the commission after notice is given to the public and the Board of Equalization with a chance for public comment. The commission also approved $1.3 million in recurring funding for the Memphis Area Transit Authority.
Based on a scheduling snag, the Bartlett Board of Mayor and Aldermen is delaying key votes on the final reading regarding the fiscal year 2022 budget and tax rate until later this month.
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