Murfreesboro City Council Reviews FY25 Budget

Murfreesboro City Council will review the proposed FY25 Budget on May 23.

The Murfreesboro City Council is scheduled to meet in a special session on Thursday, May 23, 2024, at 4:00 p.m. in the Council Chambers at City Hall. The purpose of this session is to review the proposed budget for Fiscal Year 2025 (FY25).

Key participants in this session will include the Murfreesboro City Council and heads of various city departments. The agenda features presentations covering the City Budget, Water Resources, Stormwater, and Murfreesboro City Schools.

The meeting will take place at the following location:

City Hall Council Chambers

111 West Vine St.

Murfreesboro, TN 37133

Following this special session, a public hearing will be held during the regular City Council meeting at 6:00 p.m. on June 6, 2024. This hearing will consider the ‘First Reading’ of the FY25 Budget ordinance and the proposed tax rate. The ‘Second Reading’ and final considerations for the Budget and Tax Rate ordinances, along with Budget Resolutions, will occur at the City Council meeting on June 13, 2024. These decisions will be finalized before the new fiscal year begins on July 1, 2024.

The FY25 Budget was distributed to the City Council members on or before May 15, 2024, in accordance with the Murfreesboro City Charter. The proposed budget can be accessed on the City’s website at https://www.murfreesborotn.gov/134/Financial-Reports and FY-25-Proposed-Annual-Budget (murfreesborotn.gov).

The special budget review meeting at 4:00 p.m. will be broadcast live on various platforms including Facebook, CityTV on Comcast Xfinity channels 3 and 1094, Roku, Apple TV, Amazon Fire TV, mobile devices, YouTube at www.youtube.com/cityofmurfreesboro, as well as the City’s website at www.murfreesborotn.gov/onlinevideos and www.murfreesborotn.gov/citytv.

This announcement is made in compliance with the Tennessee Code Annotated. For more city news, visit www.Murfreesborotn.gov.

Source: Read Original Release

Tennessee April Revenues Below Budget Estimates

Tennessee’s April revenues totaled $3.039 billion, falling $74.2 million short of budget estimates and showing a slight decline compared to April 2023. Sales and use taxes showed minimal growth, while corporate taxes remained low. Despite some increases in fuel and business taxes, overall revenues have consistently been below budgeted estimates since November, leading to careful management of state finances.