Note: This story was updated at 1:15 p.m. June 16.
The Oak Ridge City Council approved a budget on Monday that does not include a property tax rate increase, but it does include more money for schools. The budget anticipates increases in the trash fee and water and sewer rates.
It was the second and final vote on the budget for the fiscal year that starts July 1. The first vote, or reading, was Monday, June 6.
The property tax rate will stay at $2.52 per $100 of assessed value. It’s the ninth year in a row without a property tax rate increase by the city, although the tax rate had to be adjusted last year after five-year reappraisals.
The budget, which has about $22.8 million in the general fund, includes a 3 percent pay adjustment that will move municipal employees along their pay scales, helping to separate those who have worked for the city for a while from those who have just started. [Read more…]