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Knoxville council directs share of potential sales-tax increase to Affordable Housing Fund
Summary
The council voted unanimously to amend city code so that the lesser of $10 million or 22% of additional local-option sales tax revenue from any tax-rate increase approved by 11/04/2025 will go to the City of Knoxville Affordable Housing Fund. Two community speakers described how the fund supported supportive housing and stabilized families.
The Knoxville City Council on first reading and vote approved an ordinance to amend chapter 2, article 4, division 3, section 2-614 of the Knoxville City Code to designate the lesser of $10,000,000 or 22% of additional local-option sales tax revenue generated from any tax rate increase approved in an election occurring on or before Nov. 4, 2025, to the City of Knoxville Affordable Housing Fund.
The action matters because it sets aside a capped portion of any voter-approved sales-tax increase for affordable housing…
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