|Published: 9:19 AM, 02/03/2014
||Last updated: 9:19 AM, 02/03/2014
Author: Tommy Millsaps
Source: The Monroe County Advocate
Sweetwater city finances are doing
better than they have in years thanks to increased sales tax revenue
and a mistake the state made on the city's property tax rate.
City commissioners think the best way
to help taxpayers with the extra funds, due to the state's
miscalculation on the property tax rate is to pay off some of the
"I just want to see the citizens get something
from the tax money," Police Commissioner Bill Stockton said.
During their regular monthly workshop
Jan. 27, commissioners agreed to a formal plan to help pay off that
debt. The state's miscalculation will result in about $336,000 in
extra property tax money for the city this year.
The debt payment breakdown will be $153,000 to pay off a fire truck; $6,000 to pay off a heating and air
project financed through the Sweetwater Utilities Board; and the
remaining $160,000 toward the balance on Fire Hall No. 2 on Highway
After Parks and Recreation Commissioner Julian Walton
expressed concern the city still needed additional funds in its rainy
day fund, Street Commissioner Billy "Buster" West proposed City
Recorder Jessica Morgan pay off the debt as cash flow permits the
city to move forward with its debt payment plan. That proposal meant
the commissioners could now all agree on the overall plan.
See full story in the Sunday, Feb. 2, edition of The Advocate & Democrat.
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