Lenoir City Council in Tennessee has made a significant decision to reduce property taxes by 5% for the upcoming fiscal year, marking the first decrease since 2016. In addition to lower taxes, all city employees will receive a 3.5% raise as part of the proposed budget approved unanimously by the council.
This move comes in stark contrast to the recent decision by the Loudon County Commission to increase property tax rates by 25 cents per $100 of assessed property value, in order to fund new school projects in Loudon County Schools. Lenoir City Mayor Tony Aikens criticized the county commission for this decision, calling it irresponsible governance.
Mayor Aikens emphasized that Lenoir City government is committed to financial responsibility and watching out for taxpayers’ interests, while still providing essential services to the citizens. On the other hand, he pointed out that the county’s decision to raise taxes for unnecessary projects, such as building a new high school where it is deemed unnecessary by Mayor Aikens, is not in the best interest of the community.
The city’s proactive approach to fiscal management, by reducing property taxes and rewarding employees, demonstrates a commitment to financial stability and efficient governance. Residents of Lenoir City can look forward to lower taxes and continued quality services under the leadership of Mayor Aikens and the city council.
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