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Fenton board elects interim finance chair, sets 2025 tax rate at 0%
Summary
At its Feb. 13 meeting the Fenton Board of Aldermen elected an interim finance committee chair and approved an ordinance-setting motion that establishes the 2025 municipal tax rate at 0%. The board also received the monthly financial report showing total funds of $26,494,465.
The City of Fenton Board of Aldermen elected Alderman Brian Hills as interim chair of the finance committee and moved to set the municipal tax rate for 2025 at 0% during its Feb. 13 meeting.
City finance staff presented the monthly financial report for the period ending Dec. 25, 2024. "Our total funds are $26,494,465," finance staff member Timmy Allsup told the board.
Nikki Finkbeiner, who prepared the memo on the tax rate, summarized the action before the board: "This is just the annual where you establish the ordinance to set your tax rate for the year 2025, and that would be at 0%." Alderman Wissbrough moved to adopt the 0% rate; Alderman Jokers seconded. The motion passed on a voice vote.
On committee leadership, Alderman Hills nominated Brian to serve as finance committee chair through April. Alderman Jokers seconded; the board approved the appointment by voice vote.
No additional budgetary changes were proposed during the committee portion of the meeting. The finance report and the tax-rate motion were presented and approved without recorded roll-call tallies in the meeting minutes.
Looking ahead, the board did not schedule supplemental hearings on the tax rate; the action establishes the framework for the city's fiscal year procedures and for preparation of any required ordinance adoption at a subsequent meeting.
Votes at a glance: the board approved the 2025 tax-rate motion and elected an interim finance committee chair by voice votes during the Feb. 13 meeting.
