Knoxville mayor unveils budget proposal, 34 cent property tax in

Knoxville mayor unveils budget proposal, 34 cent property tax increase

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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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