The City Council voted unanimously — with Councilwoman Karen Barnett absent — to lower the city’s millage rate from 6.055 mills in fiscal 2013 to 6 mills in fiscal 2014.
The vote Monday night came after the second of two public hearings on the potential decrease was held before the meeting. No residents came forward to voice their opinion on the new tax rate.
City Manager Rob Logan said after the meeting the reduction was the city’s first true tax reduction in several years and was possible because of growth in the city’s tax digest. Holly Springs’ 2013 tax digest sits at about $1.63 million and is up from $1.61 million in 2012, according to Logan.
Although the rate is coming down, Logan said the city will still bring in basically the same amount of tax revenue, thanks to the increased digest.
“If you look at the gross amount,” he said, “it’s going to be about the same.”
Holly Springs’ roll back, or revenue neutral, rate for fiscal 2014 was 6.123 mills, Logan said. With the vote Monday to go even lower than the neutral rate, Logan said the city has truly lowered taxes, although the average taxpayer will only see a savings of a few dollars on their property tax bill.
But Mayor Tim Downing said a few dollars is a few dollars.
“I wish we could do more,” Downing said after the meeting Monday. “Everything we’ve done (in recent years) has been revenue neutral.”
Councilman Jeremy Smith also said he was pleased the council could finally go past neutrality.
“I’m glad we’re finally at a place where we can actually roll it back this year,” Smith said.
During the City Council meeting Monday, the council also:
• Voted unanimously — with Councilwoman Karen Barnett absent — to name the pavilion at the Train Depot after James T. Hardin Sr.;
• Unanimously approved spending $20,327 on purchasing disaster recovery software and services, Zenith Infotech, from Bits and Bytes Document Solutions; and
• Voted unanimously to buy LaserFiche, a document management software and service package, from MMi in the amount of $30,410.