Lakeland approves final reading of fiscal budget and tax rate
Lakeland Commissioner Jim Atkinson attends a Lakeland Municipal Planning & Design Review Commission meeting April 11 at the University of Memphis. (Mark Weber/The Daily Memphian file)
Lakeland will again have the lowest property-tax rate of any Shelby County municipality for the next fiscal year.
On Tuesday, June 18, the city’s Board of Commissioners approved a second and final reading of an ordinance to adopt a $92.6 million annual budget with an accompanying $1.19 property tax rate for the fiscal year beginning July 1.
The total budget amount represents a $14.2 million increase compared to fiscal year 2023-24.
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City of Lakeland 2024-25 budget Property tax Subscriber OnlyThank you for supporting local journalism.
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Michael Waddell
Michael Waddell is a native Memphian with more than 20 years of professional writing and editorial experience, working most recently with The Daily News and High Ground News.
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