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.

The gist

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.

Quote of note

“That is now five consecutive years of maintaining that rate,” Mayor Byron Sanford said.

What else?

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
Stay tuned

A public hearing on the proposed tax rate and budget will take place Sept. 12 at Montgomery City Hall, 101 Old Plantersville Road, Montgomery.