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Smyrna reports $112 million budget, maintains AAA credit rating and 18th straight year without a millage increase

5870032 · October 1, 2025

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Summary

Mayor Derek Norton reported the city's fiscal position: a $112 million budget for the year, an 18th consecutive year with no millage-rate increase for non-homesteaded properties, and continued AAA bond rating since 2012.

Mayor Derek Norton said Smyrna’s fiscal position remains strong, reporting a $112,000,000 annual budget, an 18th consecutive year without raising the city millage rate for non-homesteaded properties and continuing to hold a AAA bond rating.

Norton said the AAA rating, maintained since 2012, gives the city flexibility to deliver projects more cost-effectively and singled out the budget committee—Travis Lindley, Mayor Pro Tem Tim Gould and Councilman Corky Welch—and Finance Director Kristen Robinson for their work.

The mayor framed the fiscal conservatism as a benefit to local taxpayers and said it underpins the city's ability to invest in projects such as parks, downtown expansion and transportation corridors.

Ending: Mayor acknowledged the city’s finance staff and said continued monitoring of revenues and expenditure priorities will guide future capital projects and service levels.