Crossville Council Approves Budget and Unchanged Tax Rate During June meeting

Crossville City Council approved the third and final reading of the upcoming fiscal year budget and tax rate. 

Crossville City Council during the June meeting. L-R

J. H. Graham, Rob Harrison, Mayor James Mayberry,

Art Gernt and Scot Shanks. (Photo by Jim Young)

The city's property tax rate remains unchanged at $0.5905 and the general fund budget was approved with a deficit of $495,672.00.  Additional spending had to be added to the budget during the council's audit committee meeting as the city had received info on costs of program expenses shared with the county.  Both the operation of the animal shelter and the maintenance of radio equipment went up and had to be added to the budget. 

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Council was also informed that finance director Fred Houston said he expected the general fund balance to be some $13 million at the end of the current fiscal year.

A public hearing on the budget and tax rate was held prior to the council's meeting and no comments were received from the public.

The third and final readings of the actions were approved as part of the consent agenda.