City raises taxes, but avoids employee layoffs
Published: September 12,2013
HORN LAKE — Aldermen have approved a budget for fiscal 2014 that includes a 4-mill property tax increase but spares job cuts among city employees that had been contemplated.
The spending plan for the year that begins Oct. 1 was approved 5-2 Tuesday during a brief meeting with no discussion. Aldermen Charlie Roberts and John E. Jones Jr., who had previously expressed reservations about the tax increase and lack of cost-cutting within city government, voted against the proposal.
The Commercial Appeal reports the new budget calls for general fund revenues of $15.2 million, up slightly from the current fiscal year’s revenues of $15 million. Debt service decreases slightly, from $2.6 million in fiscal 2013 to $2.3 million in fiscal 2014.
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