Daisy Madison, CFO for the city of ChattanoogaFOLLOW THE MONEY
$201 million: Chattanooga’s 2011-2012 budget$10.3 million: Revenue from expiration of the sales-tax agreement$4.9 million: Other revenue increasesSource: Chattanooga
Pam LaddGrowth in several kinds of revenue led to Chattanooga’s boosting city workers’ pay this year even as other Tennessee cities laid off employees.
“We’re getting enough from a variety of sources,” said Councilwoman Carol Berz, chairwoman of the City Council’s Budget and Finance Committee.
A review of the city’s 2011-12 budget shows revenue increased by $15.2 million this year. The fiscal year began Friday.
Most of that – about $10 million – comes from the expiration of a sales tax agreement with Hamilton County. But Berz said that money is earmarked strictly for quasi-governmental and social service agencies.