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Bristol council advances draft budget with placeholder $1.98 tax rate; second reading set for June 19
Summary
City council approved first reading of the fiscal 2026 budget on June 3, amending the draft to use a placeholder tax rate of $1.98 while staff continues to refine revenues and await the certified rate from the state.
The Bristol, Tennessee City Council on June 3 approved first reading of the fiscal 2026 budget, amending the draft to use a placeholder tax rate of $1.98 while staff continues work to lower the rate and await the state-certified tax figures.
City Manager Kelly Bourgeois told the council that staff recommends amending the draft ordinance — originally prepared using an estimated $2.04 tax rate — to reflect revenues and expenditures based on $1.98. Finance Director Holly Vernon presented the budget numbers to council, saying the draft totals roughly $155.4 million and reflects a 4.5%…
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