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VOL. 36 | NO. 24 | Friday, June 15, 2012




Council votes to raise property taxes in Nashville

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NASHVILLE (AP) - The Metro Council voted to raise property taxes in Nashville for the first time in seven years to fund a $1.71 billion operating budget for the city.

The Tennessean reported (http://tnne.ws/L4Kt7r ) that while there was significant opposition to the tax hike, the council voted 32-8 on Tuesday night in favor of raising taxes by 53 cents per $100 of assessed value for the urban district and 48 cents in the more suburban areas.

The increases will generate $100 million in new revenue, including $8.6 million that will go into reserves. Part of the funds will be used to increase the starting salary for Metro teachers.

Mayor Karl Dean said the budget "supports our priorities of schools and public safety and looks to Nashville's future by strengthening the city's debt service reserves."

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0