Welcome to our new web site!

To give our readers a chance to experience all that our new website has to offer, we have made all content freely avaiable, through October 1, 2018.

During this time, print and digital subscribers will not need to log in to view our stories or e-editions.

McKenzie Approves Fiscal Budget on First Reading

Posted 6/23/20

McKENZIE (June 18) — During a special called meeting, the McKenzie City Council approved the 2020-21 fiscal year budget on its first reading. The second reading will not occur until the city …

This item is available in full to subscribers.

Please log in to continue

E-mail
Password
Log in

McKenzie Approves Fiscal Budget on First Reading

Posted

McKENZIE (June 18) — During a special called meeting, the McKenzie City Council approved the 2020-21 fiscal year budget on its first reading. The second reading will not occur until the city receives the certified tax rates from Carroll, Henry and Weakley counties.

Councilperson Jason Martin asked the only question during the meeting. He wanted to know if the Verizon lease payment of $22,000 was for another tower or for the tower on Como that had just been sold. City Recorder Jennifer Waldrup responded it was for the one that had just been sold and would be removed from the revenue stream. Waldrup added the budget was still undergoing changes.

The State of Tennessee recommended municipalities cut their budget to approximately 30%. The City of McKenzie followed through with the request presenting the 2020-21 budget with a reduction between 20-25%. The anticipated local tax revenue for the fiscal year is expected to cap at just over $2 million with intergovernmental revenue at $674,386. Combined with other miscellaneous collection of revenue including fines and permits the city’s total anticipated revenue is $4,374,096.

Under expenditures:

General Government = $609,530 (includes the salaries of mayor, council, staff and other items necessary in city hall)

Police Department’s = $1,455,950 ($1,124,300 dedicated to salaries and insurance)

Fire Department = $431,875 ($284,500 for salaries and insurance)

Street Department = $1,300,500 ($950,000 goes towards the multimodal grant, 95% will be reimbursed by the state after the issuance of payment)

Parks and Recreation = $256,200 ($182,200 goes toward salaries and insurance)

Tourism and Economic Development = $25,400

Public Affairs = $3,700

The total anticipated expenses are $4,184,955 leaving the City of McKenzie with a surplus valued at $189,141.

Solid Waste’s budget has revenue at $604,628 with expenses totaling $429,845.

The water and sewer budget anticipates revenue of $1,946,400 with estimated expenses at $1,803,181.12

The next meeting of the McKenzie Board of Mayor and Council is July 9 at 6 p.m. at city hall. If the city does not receive the certified tax rate by the next meeting date then a continuance of the current budget will be requested by Mayor Jill Holland.

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment