Lower Property Tax Rate Would Still Allow for Balanced Budget, Martinsville Council Hears

Lower property tax rate would still allow for balanced budget, Martinsville council hears

Martinsville staff reports that the city council’s proposed tax rate of 75.33 cents per $100 is enough to balance the 2025-2026 fiscal year budget. Councilors discussed the tax rate during their Tuesday evening regular session. The discussion is a continuation of a meeting held the prior week in which staff was directed to come back with details on how the proposed rate would impact the city’s finances.“I’m proud to report that we are presenting…

City council hears explanation of budget, sets public hearing

COVINGTON – The city of Covington is one step closer to finalizing its 2025-26 budget. During a work session Monday, city manager Allen Dressler and finance director David “B.B.” Bryant met with city council members to answer questions and elaborate on the budget process. Councilman Raymond Hunter was not in attendance. “As proposed to you, a level-funded budget. You all see the numbers; there’s no fluff,” Dressler told council. The proposed bud…