Residents whose property values decreased will get tax break
There was no fanfare last week as the Tyrone Town Council adopted the $3.15 million FY 2010-2011 General Fund budget that took effect July 1. Council members said they would keep the millage rate steady at 2.89 mills.
The budget actually represents a 3.5 percent increase, or $106,005, that was attributed to increases in employee health insurance, pension benefits and a $61,000 capital expenditure for drainage improvements on Castlewood Road, according to Town Manager Richard Newbern. Read More»