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Board hosts hearings for city, school budgets

The Germantown Board of Mayor and Aldermen hosted a wealth of public hearings Monday night, giving residents the opportunity to comment on and listen to everything from to the 2016 budget and the proposed $1.93 property tax rate to the rezoning of nearly three acres of property from agricultural to residential.

In all, five public hearings were held to discuss the adoption of the city’s 2016 budget, six adjustments to the year-end budget, the property tax rate, adjustments to the Germantown Municipal School District budget and the rezoning of land in The Enclave development.
Town Administrator Patrick Lawton gave a presentation on the city’s $123.6 million budget.

The general fund has an estimated $48.9 million in revenue, 60 percent of which will come from property taxes and 20 percent from local option sales tax. The proposed property tax rate is $1.93 per $100 of assessed value.

General fund expenses are estimated to be $47.2 million, with $11.3 million going to the Germantown Police Department, $7.2 million to the Fire Department and $4.3 million to Public Services.

Some improvement projects within the $10.5-million capital investment program include; a new fire engine ($760,000), milling and paving work on Wolf River Blvd. from Farmington to the eastern city limits ($1.7 million), phase three of the Poplar Ave. culvert replacement ($600,000) and Wolf River Blvd. Greenway Trails connectors to Neshoba Park and from Cameron Brown Park to Farmington Blvd. ($1.7 million). Only 20 percent of the greenway trail connector project will come from local funds.

Year-end budget adjustments included the transfer of funds for scoreboards at Bob Hailey Park and water main relocation due to the Poplar Ave. widening project.

Board members will vote on each of the five items discussed on third and final reading at their June 22 meeting.

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