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Crossville council approves sales tax increment finance resolution and budget amendments at special call
Summary
During a special called meeting the Crossville City Council approved a sales tax increment finance resolution, a resolution acknowledging a cost overrun tied to a grant, an ordinance amendment to incorporate a budget change, and approved consent items before adjourning.
At a special called meeting the Crossville City Council approved a resolution to allow a sales tax increment finance and took several related budget actions, the chair said.
The chair introduced a resolution for a sales tax increment finance. Council members asked about the timeframe for relinquishing sales tax revenue; the chair said the application itself had no fixed timeframe, that…
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