During its Aug. 22 regular meeting, Montgomery City Council proposed the fiscal year 2023-24 tax rate and set a date for a public hearing on it and the proposed budget.
Montgomery City Council unanimously proposed a tax rate of $0.40 per $100 valuation, with the public hearing on it and the proposed FY 2023-24 budget set to take place Sept. 12.
The proposed tax rate of $0.40 is the same tax rate the city has for FY 2022-23, City Administrator Gary Palmer said.
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“That is now five consecutive years of maintaining that rate,” Mayor Byron Sanford said.
Montgomery City Council will also hold a public hearing on its proposed FY 2023-24 budget, which proposes $5.906 million in revenues and $5.905 million in expenses, resulting in a $868 surplus, according to the draft budget.
According to the draft budget, the departments with the largest projected expenses include:
- $2.58 million for the police department
- $2.07 million for administration
A public hearing on the proposed tax rate and budget will take place Sept. 12 at Montgomery City Hall, 101 Old Plantersville Road, Montgomery.