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Public Notices

April 17, 2014

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No Action Is Taken On Greeneville Budget

Originally published: 2013-06-19 10:22:59
Last modified: 2013-06-19 10:39:31
 


BY SARAH GREGORY

STAFF WRITER

The Greeneville Board of Mayor and Aldermen on Tuesday was unable to take action on a fiscal year 2014 budget as planned because Greene County is still undergoing property tax reassessments by the state.

Revenues in the Greeneville budget rely on certified property tax rates set by the state, which are not yet available.

City Administrator Todd Smith said he expects the rates to be known later in the week, meaning the board may meet in special called sessions next week to take action on the budget.

If the rates are made available in time, aldermen hope to be able to pass the budget by the target date of June 30.

That would allow Greeneville to begin operating under the new budget on the July 1 start of the 2014 fiscal year and prevent the need to pass continuing resolutions to operate services until a new budget can be finalized.

Because the certified rates are not known, Tuesday's agenda items that would have established the 2014 budget and fix the rates were pulled.

 
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