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Kingsport BMA approves tax-relief match, budget adjustments and multiple development and infrastructure contracts
Summary
The Board of Mayor and Aldermen voted 6-0 on Oct. 7 to set a $40 local match for the 2025 property tax relief program, approve budget adjustments including a $762,691 contribution to a state industrial access project, and adopt multiple resolutions for parks, utilities, transportation planning and equipment purchases.
The Board of Mayor and Aldermen of Kingsport met Oct. 7 and approved a package of ordinances and resolutions addressing tax relief, budget adjustments, public works projects and development incentives.
The board unanimously approved an ordinance to establish a local jurisdiction property tax relief program for tax roll year 2025 and set the city’s local match at $40 in addition to the existing $96 sanitation fee waiver. The board also approved a budget adjustment ordinance that includes a $762,691 appropriation from general fund balance to support the state industrial access project in the Meadowview area, a multi-million-dollar state road project that will open about 150 acres for industrial use.
Other final-adoption votes included amendments…
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