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Council adopts supplemental budget to use ARPA interest for tax payments; city to close Chestnut Street property sale with Habitat for Humanity
Summary
Council adopted a supplemental budget ordinance allocating interest earned on ARPA funds to pay property taxes on properties the city acquired with ARPA funds and staff said the city expects to close on Chestnut Street properties with Habitat for Humanity.
Oxford City Council adopted on second reading an ordinance amending the supplemental budget for fiscal year 2025 to make supplemental appropriations. Staff said the appropriation will use interest earned on ARPA funds to pay property taxes on properties the city acquired with those funds.
Heidi, the finance staffer presenting the item,…
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