Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council adopts 2026 budget; finance director warns on state property tax changes
Summary
Maryville council approved Ordinance 25-31 setting appropriations and tax rates for 2026; the council approved a $12.9 million general fund budget and heard a warning from the town's financial adviser about potential revenue loss from Senate Enrolled Act 1 and property-tax deductions.
The Maryville Town Council approved Ordinance 25-31, the town's appropriations and tax-rate ordinance for 2026, after a second reading and roll-call vote. The council's vote to adopt the budget was recorded 6-0.
Trista, the town's financial adviser, told the council the General Fund for 2026 is budgeted at about $12,900,000 and that the town's assessed value has grown by approximately 4.07 percent. "The town's assessed value now is just under $2,600,000,000," she said during the presentation. Trista warned that state legislation (referred…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
