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Oak Ridge council adopts $2025–26 budget, holds tax rate steady at 8¢
Summary
The Oak Ridge Town Council approved the fiscal year 2025–26 budget that funds water infrastructure, parks and trails, and community programming without raising the town property tax rate; council also approved related budget housekeeping and audit contracts.
The Town of Oak Ridge Council on June 5 approved the fiscal year 2025–26 budget, keeping the town property tax rate unchanged at 8 cents per $100 of assessed value and funding major water and parks projects while projecting a small net surplus.
Town Manager Bill Bruce presented the proposed budget, saying it “funds longstanding commitments to the development of a municipal water system, expands sidewalk and trail connections, and investigates and implements additional recreational offerings.” Finance Committee Chair Stuart Meese told council the document represents “strategic investment, long term infrastructure with no increase in tax.”
The budget includes grant-funded capital for water infrastructure — Bruce told council grant revenue of “over $8,000,000” will be allocated in separate capital project ordinances to pay for…
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