Clinton budget approved, tax rate uncertain
Clinton has a new budget, but its property tax rate is still uncertain.
This budget was passed at the City Council’s Monday (June 23) meeting on second and final reading.
Total city general fund expenditures will be $15,732,664, working from an estimated revenue and other funding sources of $15,733,487.
The general-purpose school fund is projected to have a similarly balanced budget, spending all of an estimated $12,124,778 in available funds.
City employees will receive a 6% pay raise across the board.
Because the Tennessee Board of Equalization will not certify a property tax rate until July, the budget does not include the rate.
City Manager Roger Houck said the rate will likely drop from 86 cents to 53 cents per $100 of assessed value. He said he would know by the council’s July meeting.
Houck said the council will need to adopt a tax rate after that date.
Houck pointed out at the meeting, however, that the city had already set and raised its hotel and motel tax rate.
The council earlier voted to raise it from 3% to 4%, although people staying in Clinton won’t see a difference as Anderson County lowered its rate from 5% to 4%.
Councilmembers Rob Herrell and Brian Hatmaker were not present, but all the members present at the June meeting voted to pass the budget on second reading.
