Crossville City Council should give final approval to the 2018-19 fiscal year budget during the meeting Tuesday, June 12 and approve the new hotel/motel tax as well.
Crossville City Council members L-R: J.H. Graham,
Danny Wyatt, Mayor James Mayberry, Pam Harris
and Scot Shanks.
The schedule for council's regular meeting night starts at 5 PM with the audit committee, a public hearing on the 2018-19 city budget at 5:30, beer board at 5:35 and the solicitation board at 5:55 PM. The regular agenda gets underway at 6 PM.
The third and final reading of the budget is expected to pass easily. The budget shows revenue totaling $19,425,353 and expenses of 20,597,073 with a final deficit for the year of $1,171,720. The city holds a fund balance of over $12 million dollars to cover the additional expense over revenue.
The city's property tax will remain unchanged at 59 cents per $100 of assessed value.
The council is expected to approve the new hotel/motel tax by the required supermajority as those funds have already been incorporated into the budget. The city originally requested a 3 percent tax on hotel rooms in the city over and above the county's 7.5 percent hotel/motel tax. That would have made Crossville one of the highest taxed in the state. The matter had to be approved by the Tennessee General Assembly and they reduced the tax to 2 percent before sending it back to the city council.
In other matters on the council agenda, they will consider a waiver of fees for inspections on the Crab Orchard School construction, consider contracts for the sale of 11 acres in the Interchange Business Park to an industry identified as “Project Colony” and a lengthy list of annual purchase bids.
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