Thursday, July 1, 2010

Cookeville Council Approves No Tax Hike Budget

There will be no tax increase for residents of the city of Cookeville this year, but there will also be no tax reduction. The city council Thursday night approved a budget and tax levy that keeps the rate where it was this year. City finance director Mike Davidson says it would be 87 cents. There was an effort by council members Ryan Williams and Ricky Shelton to lower that rate by four cents, but that motion failed to gain approval. The council did, however, approve moving four cents from the debt service fund to the state street aid fund to be used for additional street paving.