Property tax rate in Kenton unchanged

Property tax rate in Kenton unchanged

Posted in the Kenton Forum

Since: Apr 12

Location hidden

#1 Sep 6, 2012
Kenton city officials are two-thirds of the way home on a 2012-13 city budget, but some difficult decisions still have to be made before its final approval next month.
Kenton’s proposed 2012-13 budget appears headed for final approval, with no increase in the town’s property tax rate.
The budget maintains the tax rate at $1.38 for residents living on the Obion County side of town and $1.40 for residents on the Gibson County side of town.
The $964,275 spending plan was approved on the second of three votes Tuesday evening during a 90-minute meeting of the Kenton mayor and board of aldermen.
The two-page budget ordinance details city expenditures and revenues in six different funds and all six funds have balanced revenues and expenditures.
The actual city budget covers 14 pages.
The board spent several minutes during Tuesday night’s meeting making some minor changes to the spending plan. The changes involved transferring funds within the police department’s budget, as recommended by board member Angie Taylor, who also serves as Kenton’s police commissioner.
Final approval of the budget ordinance is expected at the board’s next regularly scheduled meeting in early October.
There are three issues that remain unresolved and all three will have a direct impact on the city’s budget.
The first issue is a $340,000 proposal from Utility Service Co. to set up a 10-year maintenance plan for the city’s two water tanks — the north tank and the west tank. Company representative Mike Farnsworth met with the board for more than half an hour to explain how his firm would take responsibility for maintaining the two aging water towers and would spread the $340,000 cost over 10 years.
Utility Service Co. has been working on the city’s water tanks since 1998, but Farnsworth proposed setting up a 10-year comprehensive maintenance plan that would fully take care of servicing and maintaining the tanks.
Farnsworth used a slide presentation to illustrate the deteriorating condition of the two water tanks and said his crews would come in and make repairs to the tanks as well as sandblast and paint the structures.
Although the cost for the contract is high, Mayor Virginia Davidson and board member Tim Johns said the work is necessary and they endorsed Farnsworth’s proposal. No decision was made at Tuesday’s meeting, but the board is expected to formally consider the contract at its next scheduled meeting.
“There’s one in bad need of repair,” Mrs. Davidson said.
Referring to the city’s north tank, Farnsworth said,“That tank is in very poor condition.”
His statement was backed up by images of corrosion and peeling paint.
Farnsworth estimated it would cost the city about $900,000 to replace the two water tanks, but said through proper maintenance the tanks would serve the city for many years.
He said his company’s headquarters are located in Georgia and the company has been around since 1963. Utility Service Co. services more than 5,000 water tanks across the country and 350 water tanks in Tennessee. The company currently has contracts with a number of cities in the region, including Dyersburg, South Fulton and Martin.
If the Kenton board approves the contract with Utility Service Co., Kenton residents will see an increase in their water bills. The monthly increase is estimated to be between $5 and $10 to cover the cost of the maintenance plan. The mayor said the city has about 600 city residents served by the city’s water department.

Since: Apr 12

Location hidden

#2 Sep 6, 2012
The second issue facing city officials is a new tax enacted in Gibson County that is having an impact on Kenton’s sales tax designated for the city’s parks and recreation program. Mrs. Davidson said she only recently learned about the new Gibson County tax and said it is “bad news” for Kenton.
“I’m not satisfied with it and I’ve been on the phone with different officials,” she said.“Right now, I don’t know where we stand.”
According to Mrs. Davidson, the Gibson County tax will reduce the amount of tax revenues Kenton gets for its parks program.
She pledged to continue working with state officials to fight what she described as an “unfair” situation for Kenton.
The third issue brought up by the mayor Tuesday night involves the city’s fuel bill with Cox Oil Co. Mrs. Davidson said she recently learned the city has been paying full price for its fuel, when the city should be exempt from state fuel taxes.
Mrs. Davidson said the city has been paying full price for fuel since 2010.
She has already contacted Cox Oil Co. and is working on the documentation required to get the city exempt. Mrs. Davidson said she is also working with state officials to see about getting the city reimbursed for what it has already paid in fuel taxes.

Since: Apr 12

Location hidden

#3 Sep 6, 2012
Kenton city officials are two-thirds of the way home on a 2012-13 city budget, but some difficult decisions still have to be made before its final approval next month.
Kenton’s proposed 2012-13 budget appears headed for final approval, with no increase in the town’s property tax rate.
The budget maintains the tax rate at $1.38 for residents living on the Obion County side of town and $1.40 for residents on the Gibson County side of town.
The $964,275 spending plan was approved on the second of three votes Tuesday evening during a 90-minute meeting of the Kenton mayor and board of aldermen.
The two-page budget ordinance details city expenditures and revenues in six different funds and all six funds have balanced revenues and expenditures.
The actual city budget covers 14 pages.
The board spent several minutes during Tuesday night’s meeting making some minor changes to the spending plan. The changes involved transferring funds within the police department’s budget, as recommended by board member Angie Taylor, who also serves as Kenton’s police commissioner.
Final approval of the budget ordinance is expected at the board’s next regularly scheduled meeting in early October.
There are three issues that remain unresolved and all three will have a direct impact on the city’s budget.
The first issue is a $340,000 proposal from Utility Service Co. to set up a 10-year maintenance plan for the city’s two water tanks — the north tank and the west tank. Company representative Mike Farnsworth met with the board for more than half an hour to explain how his firm would take responsibility for maintaining the two aging water towers and would spread the $340,000 cost over 10 years.
Utility Service Co. has been working on the city’s water tanks since 1998, but Farnsworth proposed setting up a 10-year comprehensive maintenance plan that would fully take care of servicing and maintaining the tanks.
Farnsworth used a slide presentation to illustrate the deteriorating condition of the two water tanks and said his crews would come in and make repairs to the tanks as well as sandblast and paint the structures.
Although the cost for the contract is high, Mayor Virginia Davidson and board member Tim Johns said the work is necessary and they endorsed Farnsworth’s proposal. No decision was made at Tuesday’s meeting, but the board is expected to formally consider the contract at its next scheduled meeting.
“There’s one in bad need of repair,” Mrs. Davidson said.
Referring to the city’s north tank, Farnsworth said,“That tank is in very poor condition.”
His statement was backed up by images of corrosion and peeling paint.
Farnsworth estimated it would cost the city about $900,000 to replace the two water tanks, but said through proper maintenance the tanks would serve the city for many years.
He said his company’s headquarters are located in Georgia and the company has been around since 1963. Utility Service Co. services more than 5,000 water tanks across the country and 350 water tanks in Tennessee. The company currently has contracts with a number of cities in the region, including Dyersburg, South Fulton and Martin.
If the Kenton board approves the contract with Utility Service Co., Kenton residents will see an increase in their water bills. The monthly increase is estimated to be between $5 and $10 to cover the cost of the maintenance plan. The mayor said the city has about 600 city residents served by the city’s water department.

$340,000/10 yrs =$34,000....
+$5.00 month x12 months =$60.00 x 600 residents =$36,000.00 yr.
+$10.00 month x 12 months =$120.00 x 600 residents =$ 72,000.00
Hello Mrs. Davidson, get a new calculator!
Also I'm tired of paying to fill your swimming pool!

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