Cherokee Tribune – Holly Springs votes for lower millage rate

25
Sep

Cherokee Tribune – Holly Springs votes for lower millage rate

HOLLY SPRINGS — With little fanfare and no resident input Monday night, the Holly Springs City Council approved the city’s first tax decrease in several years.

The City Council voted unanimously — with Councilwoman Karen Barnett absent — to lower the city’s millage rate from 6.055 mills in fiscal 2013 to 6 mills in fiscal 2014.

The vote Monday night came after the second of two public hearings on the potential decrease was held before the meeting. No residents came forward to voice their opinion on the new tax rate.

City Manager Rob Logan said after the meeting the reduction was the city’s first true tax reduction in several years and was possible because of growth in the city’s tax digest. Holly Springs’ 2013 tax digest sits at about $1.63 million and is up from $1.61 million in 2012, according to Logan.

via Cherokee Tribune – Holly Springs votes for lower millage rate.

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