BY GLYNIS CRAWFORD SMITH
THE HIGHLANDER
The Cottonwood Shores City Council on Aug. 4 made finance decisions for Fiscal Year 2016-2017 that will require informed citizen support and presented the second Annual Outstanding Citizen Award to Carlos Naumann.
Based on long deliberation June 16 and budget workshops, the council adopted the proposal of a $1.653 million balanced budget and a tax rate continued at the current $0.54380 per $100 valuation.
“That rate is higher than the effective rate (the rate that would produce the same current revenue: $0.5144) or the rollback tax rate ($0.48390),” said City Administrator Sheila C. Moore.
