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Trenton adopts FY 2023–24 budget and sets tax rate at $0.575337 per $100
Summary
After public hearings, the council adopted Ordinance 580 adopting the FY 2023–24 budget and Ordinance 581 fixing the 2023 certified property tax rate at $0.575337 per $100 assessed value.
The City Council of Trenton completed its budget and tax-rate process in late September 2023. Council approved Ordinance 580 adopting the annual budget for fiscal year 2023–24 and adopted Ordinance 581 fixing the property tax rate at $0.575337 per $100 of assessed value.
Minutes show the council conducted required public hearings on the proposed budget and tax rate and scheduled the adoption votes: the hearing on the FY 2023–24 budget occurred on Sept. 25, with the adoption votes taken on Sept. 26. The council recorded motions to accept the proposed voter-approval tax rate as calculated and scheduled the final adoption date.
The recorded vote counts show the motions passed with four for and none against where noted. The minutes list questions raised earlier during budget review about legal fees and rising employee insurance costs; council postponed some budget discussion items to ensure required participation by Economic 4B representatives.
