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Nolensville manager lays out five-year budget scenarios; reassessment, new hires and potential tax adjustments loom
Summary
Town Manager presented five-year budget scenarios showing how Williamson County reassessment and the board’s requested public-safety and inspection hires would affect Nolensville’s finances; staff recommended a CIP prioritization session and delayed a first reading until reassessment figures are available.
Town Manager Victor presented a multi-year financial model at the March 24 work session showing how a county property reappraisal and the board’s staffing priorities would affect Nolensville’s finances over five years.
Victor said Williamson County’s forthcoming reassessment could materially increase assessed values; staff modeled both a 40% and a 65% reassessment scenario. Under assumptions shown, a 65% reassessment would put the town in a positive cumulative position in the near term; staff cautioned…
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