An Ordinance to establish the 2018-2019 Fiscal Year Operating and Capital Budget, and an Ordinance to establish the Fiscal year 2019 Property Tax Rate for the City of Jackson, both passed during a special called Jackson City Council meeting at City Hall, Tuesday.

“The city council approved the budget for next year, 2018-2019, and established a tax rate of $1.96, which should give us about $1.5 million to go into capital (expenditures),” said Jerry Gist, mayor of Jackson. “Probably 80-to-85 percent of that amount will go into resurfacing city streets, which is desperately needed.”

The certified tax rate was $1.8722, which means the average homeowner can expect to pay about an additional $28 per $100,000 of their homes assessed value.

(PHOTO: Al Laffoon, City Recorder for the City of Jackson, and Frances Hunley, Madison County’s Assessor of Property during the City Council meeting, Tuesday)
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