The Nashville City Council imposed a “large” property tax hike on residents when it approved a budget that aims to make up for revenue lost due to the novel coronavirus pandemic.
The measure, approved this week, would raise rates by 34 percent.
“A combination of deep cuts, a painful but necessary property tax increase, and replenished fund balance will safely see our community through to the other side of the coronavirus and the most serious budget crisis in Nashville’s history,” Nashville Mayor John Cooper said in a statement.
On Twitter, Cooper said the tax hike would not have been considered had the city not been facing its “greatest financial challenge.”
The crisis budget approved tonight stabilizes Metro’s finances and maintains essential services. The large tax increase is something I would not have considered were we not facing Nashville’s greatest financial challenge. I thank @mendesbob and Council for their leadership.
— Mayor John Cooper (@JohnCooper4Nash) June 17, 2020
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