Arlington passes ‘very tight budget’ and dodges raising property tax rate
Arlington’s Board of Mayor and Aldermen has approved its annual budget, and cuts enabled the town to maintain its $1.13 property tax rate for the upcoming fiscal year.
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Arlington’s Board of Mayor and Aldermen has approved its annual budget, and cuts enabled the town to maintain its $1.13 property tax rate for the upcoming fiscal year.
As the suburbs of Shelby County dissect their annual budgets for the coming fiscal years, there are many factors to consider, including schools and their financial plans.
Arlington officials approved the first reading of the town’s budget for a new fiscal year, maintaining the $1.13 property tax rate.
DeSoto County supervisors have started looking at the property tax rate trying to balance the millage with the requirements set by the state regarding property assessments.
The Arlington Board of Mayor and Aldermen will hold a special-called meeting Monday night to consider final reading of the annual budget and a $1.13 property tax rate.
Lakeland has passed the final reading on its budget for the upcoming fiscal year, maintaining the certified property tax rate set after reappraisal, unlike other local suburbs.
After a few meetings and some recalculating, Arlington has lowered its proposed property tax rate. But some aldermen want the number decreased some more.
With a new fiscal year approaching, Bartlett officials are reviewing their budget and how much in increased property taxes are needed to cover operations.
Germantown is considering a slightly lower tax rate than what was previously shown to city leaders and the finance commission.
After a bit of figuring, Arlington is getting closer to setting its property tax rate. Now officials must decide whether ambulance service is covered by a fee or property taxes.
Kristi Francavilla, the city’s assistant director of finance, says in calculating the budget the city is “trying to address our rising costs” in areas such as public safety, employee benefits and infrastructure.
Questions about some of the calculations that set the certified property tax rate, delayed the first reading of the budget in Arlington.
“Growth hasn’t paid for itself, and government expenses have grown faster than the growth,” one resident said, adding that the town’s budget has tripled throughout the same dozen years while the population has not even doubled.
Germantown’s Financial Advisory Commission endorsed exceeding the certified rate. But that number isn’t official just yet.
The overall plan includes up to 37 townhomes, 114 individually owned stacked flats, 600 rental apartments and more than 50,000 square feet of retail.
Leaders of the Memphis suburb intend to avoid a property tax increase for the coming fiscal year that begins in July.
Arlington officials have adopted their budget for the fiscal year that starts in July, maintaining the town’s $1.28 property tax rate for the third straight year.
Bartlett aldermen approved measures that will improve sewer service through and near the suburbs in a meeting where they also adopted the upcoming fiscal year budget.
Arlington officials hope to hold the line on the current property tax rate last the town begins laying out the fiscal year budget.
Bartlett will maintain its property tax rate under the proposed budget, but there are several fees that the suburb will add in the coming fiscal year.
Collierville is reviewing its budget, and town officials will likely propose a tax increase to fund the $104.3 million operating budget.
Bartlett officials began their review of the coming fiscal year’s budget on Thursday, with no anticipation of a property tax increase, but a hike in a couple of fees.
The $150 million Ashmont project continues to face questions.
The Lakeland Board of Commissioners has started the budget review process and maintaining the suburbs’ current $1.04 property tax rate for the fiscal year that begins July 1.
Arlington’s Board of Mayor and Aldermen passed the first of two required readings.
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