Cherokee Tribune – Canton budget review forecasts no tax increase

CANTON — Property owners within the city of Canton are not expected to see a tax increase this year. Canton City Council reached a consensus that a rollback to 6.196 mils is achievable for fiscal year during the budget review meeting Monday.

In order to roll back the millage rate, the city will need to use about $1 million from reserve funds and another $75,000 from the unassigned fund balance, Mayor Gene Hobgood said.

The move will leave about $2.5 million in the city’s reserves, according to City Manager Glen Cummins.

via Cherokee Tribune – Canton budget review forecasts no tax increase.