Staff warns Spring Hill may exceed Revenue Neutral Rate for 2027; combined RNR and budget hearing planned
City staff told the council that if the mill levy remains unchanged Spring Hill would exceed the Revenue Neutral Rate for 2027; the city must notify the county and will hold a combined RNR and budget hearing later this summer.
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City staff reviewed the Revenue Neutral Rate (RNR) process for the 2027 budget at the June 11 meeting, telling the council that if Spring Hill’s mill levy remains the same the city will exceed the RNR. The city was instructed to notify the county of intent to exceed the rate and advised that the city will hold a combined RNR and budget hearing later this summer.
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