No tax increase for East Ridge residents

No tax increase for East Ridge residents

May 14th, 2019 by Staff Report in Breaking News
Chris Dorsey is seen in this file photo when he was city manager of Red Bank.

Chris Dorsey is seen in this file photo...

Photo by Staff File Photo /Times Free Press.

East Ridge City Manager Chris Dorsey gave taxpayers good news over the weekend: the upcoming city budget will not include a property tax increase. 

At Mayor Brian Williams' monthly citizen meeting Saturday, Dorsey told about 30 residents that he expects the budget to be presented on June 13 and have a final reading on June 27.

The 2019-20 East Ridge budget is $24.5 million, which includes seven segregated revenue funds. The current general operating budget in East Ridge is $13.6 million and the millage rate is 1.338 per $100 of assessed value.

Williams, in his first term as mayor, holds a Saturday meeting monthly at different East Ridge location.

During the meeting, he addressed several other issues, including the temporary closing of the Waverly Hotel and the planned $125 million Red Wolves development.


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