The budget proposed by Oak Ridge City Manager Mark Watson on Tuesday would not increase the property tax rate. Instead, the budget would hold the property tax rate steady at $2.52 per $100 of assessed value.
It could be the 10th year in a row without a tax rate increase. That’s if the Oak Ridge City Council approves the city manager’s proposed budget.
Watson said it’s essentially the same budget as last year, with some capital improvements and funding for an energy savings plan for lighting, heating, and cooling systems in the city and schools.
Fully funding a request from Oak Ridge Schools for 2.5 percent pay raises for teachers and staff would require the equivalent of a four-cent tax rate increase, Watson said during a special City Council meeting on Tuesday. [Read more…]








