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Tax rate will stay the same in Corinth
by Jebb Johnston
Aug 27, 2013 | 294 views | 0 0 comments | 10 10 recommendations | email to a friend | print
The proposed city of Corinth budget for fiscal 2014 will have no change to the ad valorem tax rate.

With a public hearing on the budget scheduled to coincide with the next regular board meeting at 5 p.m. Tuesday, the Board of Mayor and Aldermen convened Tuesday morning to make decisions on finances for the next fiscal year, which begins Oct. 1.

The board also had an executive session to discuss pay for certain individuals, and the question of pay raises is still to be decided.

A few outside agencies will see a bump this year if the proposed numbers hold. With Crossroads Arena now getting tourism tax funds and striving to generate money to sustain itself, the board is reducing its allocation from $63,000 last year to zero this year, allowing for a little wiggle room in agency allocations.

The board put the tourism office’s monthly allotment from the tourism tax at $45,000, an increase from $42,000. Main Street Corinth would go from $12,000 to $20,000 in anticipation that Main Street will contribute to a number of capital projects, including development of a green space at Wick and Franklin to enhance the SoCo District.

The Corinth-Alcorn Animal Shelter contract for housing animals and management of the shelter would increase from $67,500 to $70,000, and the airport would go from $67,500 to $75,000 to help with the facility’s equipment needs.

The Verandah-Curlee House would get an increase from $9,500 to $13,000 to help cover utility costs.

Apart from the budget, the board also had a discussion of the South Corinth school property. Attorney Wendell Trapp said the deed for the school property contains a clause that reverts the property to the city if it ceases to be used as a school, and the board needs to make a decision on what it wants to do with the property.

The Easom Outreach Foundation is using a portion of the building for a community center with a feeding program, and the board is interested in stipulations for upkeep and liability. The board is also concerned about whether the foundation has the resources to adequately maintain the building.
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