The Dickson City Council gave final approval to the city’s $23.5 million budget for 2019-2020 during a special session Monday.
The new budget takes effect July 1.
The budget will not require an increase on the property tax rate, which is expected to be adjusted as apart of a countywide reappraisal cycle.
According to City Administrator Rydell Wesson, revenues are predicted to increase around $1.2 million while the city’s planned capital projects and purchases dropped about $2.4 million.
Sales tax growth shows a projected $250,000 increase to $6.3 million. That is what is projected to be left for the city’s operations after it shares half the local option sales tax collections with the county and continues to make an additional voluntary contribution to the school system under a 1969 agreement.
The budget proposes the city take out a $2 million loan that will be used for construction of a parking lot on the former Jones Chevrolet dealership site, a skate park in an area behind Dickson Fire Station #1, design work for Phase I of Buckner Park renovations, the acquisition and improvement of property for the location of a third fire hall on the east side of the city and a federally required citywide Americans with Disabilities Act improvement project.