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Knoxville council adopts $2025–26 budget after debate over taxes, debt and housing
Summary
The City Council approved the fiscal 2025–26 annual appropriations after discussion about debt payments, affordable housing funding and whether a proposed half‑cent sales tax should affect this year's budget.
The Knoxville City Council approved the city’s annual appropriations ordinance for fiscal 2025–26 on a 7–1 vote following extended debate about revenue projections, use of restricted debt funds and affordable housing priorities.
Council members and city finance staff said the adopted budget does not assume the mayor’s recently announced half‑cent local option sales tax; the proposed local option would be a separate decision for council and, if approved for the ballot, for voters. The council’s approval allows the city to operate from July 1, 2025, to June 30, 2026.
The budget discussion centered on three revenue and spending items: a $25 million pre‑existing fund set aside for…
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