Thursday, July 15, 2010

Council Gives Final OK To Cookeville Budget

The 87-cent property tax rate for residents of the city of Cookeville will remain unchanged after the city council Thursday night gave final passage to its budget. But finance director Mike Davidson says that some monies will be moved around. The city has re-allocated four cents of the tax rate from the Debt Service fund to the State Street Aid fund. Davidson says that means $262,000 additional dollars will be available for road paving in the upcoming year. The council also approved a more than $37,000 change order for design and engineering work on the Highlands Business Park and they OK'd a bid from Highways, Incorporated to add a turn lane onto South Jefferson Avenue at the entrance of the new schools under construction there.