As City Councilman Robert Gross put it, the City of Athens is about to do something “unheard of right now.”
The City is going to lower the ad valorem tax rate 2 cents to .660221 per $100 valuation. The Council heard the first reading of the ordinance to adopt the tax rate during Monday night’s regular meeting.
“It’s exciting,” said Mayor Monte Montgomery. “It is a good feeling to have that reduction for the taxpayers.”
The tax rate breaks down to .555071 cents for Maintenance & Operations and .105150 cents for Debt Service.
The council also heard the first reading of an ordinance to adopt the $31.4 million Fiscal Year 2021 budget.
There will be a public hearing on the proposed budget Monday, Aug. 17, at the Athens Partnership Center.
There will be a public hearing on the proposed tax rate Monday, Aug. 24, at the Athens Partnership Center.
The final reading of the budget and tax rate ordinances will also be at the Monday, Aug. 24, meeting.