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Why the city is tightening its belt and 'recalibrating' its budget
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Why the city is tightening its belt and 'recalibrating' its budget
Simplified: The city is looking to "recalibrate" its overall budget in the coming years to account for less money coming in after state lawmakers voted in favor of property tax relief, Finance Director Shawn Pritchett told the City Council Tuesday afternoon. Why it mattersProperty taxes are historically one of the most reliable revenue sources for the city, but as folks pay fewer property taxes – prompted by Senate Bill 216 – the city will make …
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