Knoxville mayor unveils budget proposal, 34 cent property tax in

Knoxville mayor unveils budget proposal, 34 cent property tax increase

Mayor Madeline Rogero delivers her budget address Mayor Madeline Rogero delivers her budget address
KNOXVILLE (WATE) - Knoxville Mayor Madeline Rogero unveiled her 2014-2015 fiscal year budget proposal Thursday afternoon which includes a property tax increase of 34 cents.

Mayor Rogero said the increase brings the tax rate to $2.73, which, adjusted for inflation, is still lower than the tax rate 10 years ago.

More online: Read the full budget proposal [PDF]

For a house appraised at $100,000, the increase would be around $7 per month. Rogero said the increase will allow the city to meet its pension obligation while still maintaining reasonable operating expenses.

The proposed general fund budget of $200.5 million includes increased funding for sidewalks and crosswalks across Knoxville, $1.2 million for public infrastructure improvements downtown, $300,000 for continued improvements in the Magnolia Warehouse District and Corridor, $500,000 to remove blighted and chronic problem properties, $500,00 for historic preservation projects, $1 million for greenway corridors, and improvements to Lakeshore Park, Fountain City Lake and Ijams Nature Center.

The budget proposal keeps city employee count relatively flat, adding one full-time position and eliminating two part-time positions.

The budget proposal includes $23.39 million to meet obligations of city pension plans, which is a $7.38 million increase from 2012-13.

Pension reform proposed by Mayor Rogero and approved by City Council and voters in 2012 closed the previous pension plans and created a new one for employees hired beginning in 2013, but the city is still legally obligated of pay benefits to employees and retirees already enrolled in previous plans.
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