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The original item was published from 6/13/2019 9:03:00 PM to 6/13/2019 9:05:19 PM.

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Posted on: June 10, 2019

[ARCHIVED] City Council adopts FY20 Budget at Regular Council Meeting June 13

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The Murfreesboro City Council adopted the FY20 Budget and Appropriation Ordinance on the required "Second Reading," June 13, 2019, at Murfreesboro City Hall. The Murfreesboro City Council met in a regular meeting at 7:00 p.m., Thurs., June 13, 2019, at Murfreesboro City Hall, to review and consider the proposed FY20 Budget ordinance on ‘Second Reading’. The meeting was televised in Council Chambers, 111 West Vine Street, 37133.

The balanced budget includes a $0.34 cent per $100 of assessed valuation property tax increase, increasing the tax rate from 0.9494 to 1.2894.  The FY20 Budget  also increased the Sold Waste Fee by $2.50 per month, per container to $7.50 for residential customers and increases the fee to $30.00 per month for non-residential (commercial) customers.  The approved FY20 Budget does not rely on the fund balance or savings to balance the budget.  

The FY20 budget includes the first property tax increase in twenty years after a two-decade period in which the City provided services and infrastructure based on sales growth and land sales.  The new property tax rate is still lower than the rate two decades ago in 1999.  During that period, the property tax rate was adjusted downward five times.

Who: The Murfreesboro City Council.

What: The Council gathered to review the Proposed FY20 Budget, and pass and adopt the city’s Appropriation and Tax Rate Ordinances on "Second Reading."

Council will also discuss economic development planning.

When: Thursday, June 13, 2019 - 7:00 p.m..

Where: City Council Chambers

             111 West Vine Street

             Murfreesboro, TN 37133

On June 6, 2019, City Council conducted a Public Hearing on the FY 2019-20 Budget ordinance, tax rate and appropriation ordinances. Budget Review sessions were held with staff in April, May and June.

A copy of the "FY20 Budget Changes and Related Ordinances" is available on the Council Agenda for June 13, 2019 at http://www.murfreesborotn.gov/AgendaCenter/ViewFile/Agenda/_06132019-1011.

A playlist of soundbites on FY2020 budget discussions is available for listening on YouTube at https://www.youtube.com/playlist?list=PLXjPQW-GeBG6Jftp9ZtgDULmM9_4d2y1B.

This notice is given pursuant to the provisions of the Tennessee Code Annotated.

For City News online, visit www.Murfreesborotn.gov.


 

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