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Council holds first readings on 2025 tax rate and fiscal 2025–26 budget; caravan (CARTA) funding options remain open
Summary
Council approved first readings of the tax rate (0.7993 per $100, revenue neutral) and the FY2025–26 budget, discussed transferring workers' compensation savings to the CIP, and reviewed a potential $44,820 county contribution to the city's Caravan service, with a final decision scheduled at second reading.
The East Ridge City Council on June 12 approved first readings of the ordinance setting the 2025 property tax rate and the ordinance adopting the fiscal year 2025–26 budget, and discussed a pending county contribution to the city’s Caravan (paratransit) service.
City Manager Miller briefed council that the city’s certified assessed value rose sharply from about $554.2 million to $866.6 million, allowing the city to roll back the rate to 0.7993 per $100 of assessed value and remain roughly revenue neutral. Under the roll‑back rate the projected property tax yield is about $6,788,564, roughly $530 below last year’s yield.
The proposed general operating budget for FY2025–26 stands at $27,827,365, about $561,000 above the current fiscal year. Manager Miller said…
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