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Fayetteville aldermen amend budget to correct tax-rate rounding error
Summary
The Board of Mayor and Aldermen of Fayetteville held a special call meeting June 30 and approved Ordinance 2025-17 to correct a rounding error in the previously adopted FY2026 budget, lowering the levy to $1.3667 per $100 of assessed value and reducing projected property tax revenue by $92,007.11.
FAYETTEVILLE, Tenn. — The Board of Mayor and Aldermen of the City of Fayetteville held a special call meeting June 30 and voted to adopt Ordinance 2025-17 to amend the fiscal year 2026 budget and correct a rounding error in the tax rate calculation.
The board approved the amendment after the presiding official said the earlier ordinance, No. 2025-16, contained an inaccurate rounding of…
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