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Smyrna holds public hearing on 8.99 millage rate; city says homesteads not affected
Summary
Smyrna held a July 15 public hearing on the proposed FY25 millage rate of 8.99 mills; city staff said state law requires advertising an increase because assessed values rose, though homesteaded property owners would not see a city tax increase. Public commenters raised concerns about notice and tenant impacts.
Smyrna held a special-called public hearing at 8:00 a.m. July 15 on the proposed fiscal year 2025 millage rate of 8.99 mills; no vote was taken at the morning session. City administrator Joe Bennett read the budget assumptions and notices, and staff said the formal adoption is scheduled for July 22 at the 6:00 p.m. meeting.
City administrator Joe Bennett said the FY25 budget approved by council included revenue projections based on 8.99 mills and that, under the county’s assessment figures, a rollback to 8.244 mills would be required to avoid advertising a tax increase. "This is the second of three required public hearings before the formal adoption…
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