Crossville city council has approved the first readings of the city's 2018-19 fiscal year budget and unchanged property tax rate.
Crossville City Hall (file photo)
In a special called meeting the council approved the budget with a $1.1 million deficit that will be covered out of the city's over $10 million general fund balance. New funding from the Hotel/Motel tax is anticipated at $150,000 this year in the budget and some $200,000 annually in future years.
Council also approved the first reading of the property tax rate, unchanged from last year at 59 cents.
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The tax rate approval was voted on as part of the consent agenda along with other routine budget amendments for the current fiscal year. The motion to approve was approved unanimously by the four council members present. Councilman Scot Shanks was out of town for the meeting.
Councilman Danny Wyatt asked for the budget vote to be taken separately and to have $40,000 in funds from the Hotel/Motel tax to be specifically earmarked for the economic development for possible future partnerships with one of several potential regional groups. City manager Greg Wood explained that all the funding from the Hotel/Motel tax was directed toward economic development and tourism so he didn't feel any additional earmarking was necessary. Wyatt moved to make the change anyway and to approve the budget. Wyatt's motion was also unanimously approved.
Two additional readings of the budget and tax rate are required with the next reading expected at the council's regular June meeting along with a public hearing on the budget. One additional special called meeting will be required to approve the budget by the end of June.
A public hearing on the city's capital improvement plan was held but none of the public attended and no comments were made. The plan was also unanimously approved.
Click here to download PDF of the Capital Improvement Plan.
Click here to download PDF of the Capital Improvement Plan.
Council deferred action on a request from the county for a waiver of fees related to inspection of the construction of the Crab Orchard Elementary School. Council requested additional information including an estimate of the time and mileage required for the services provided by the city.
Council approved the purchase of a Jet A fuel truck for use at the Crossville Memorial Airport at a cost of $20,000. The city's portion of the cost under a grant is $10,000.
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