Minneapolis Mayor Jacob Frey gave his preliminary 2021 budget address Friday, in which he suggested how the city could improve its finances after restrictions put in place to slow the COVID-19 pandemic battered tax revenue.
Fifty-five percent of the city’s ongoing general fund revenue is gathered from sources other than property taxes, Frey said, sources he added that are projected to drop next year by $32.5 million.
Surprise! Nashville is growing skyscrapers and other developments at an ever-increasing rate yet faces a $34 million revenue shortfall. Councilman-at-large John Cooper, who is on Metro’s Budget and Finance Committee says Nashville’s revenue continues to grow faster than most cities, to the tune of a couple billion dollars, NewsChannel 5…
Nashville property owners may be carrying lighter wallets soon as some members of the council want to raise property tax rates by 50 cents. Councilman Bob Mendes has proposed the tax hike as a way to pay for government employee cost-of-living raises and for schools and make up a budget shortfall,…