The new property tax rate will be 5.500 mills for fiscal 2014-15, down from the 6 mills from the previous year.
During the final public hearing Monday night for the millage rate, no public comments were made. The council approved the property tax rate 5-0 with Mayor Tim Downing absent.
City Manager and Chief Finance Officer Rob Logan said Holly Springs has experienced growth in its digest from 2013-14 due to the addition of new commercial and residential development throughout the city totaling about $12 million.
“The mayor and City Council are very conservative and take their role as stewards of the taxpayers’ dollars very seriously. The elected officials always strive to lower property taxes as much as possible while continuing to provide services to the city’s residents,” Logan said. “The cost of providing these services continues to rise. However, with continued growth in the digest and the effective management of the city’s resources, the elected officials should be able to continue rolling back the millage rate in the future.”
This is the second year the city has rolled back its millage rate. In the 2012-13 fiscal year, the city reduced it from 6.055 mills to 6 mills.
In other business, the city:
• Presented Holly Springs Sgt. Nathan Ernst with the Life Saving Award for administering the naloxone medication twice, saving two people from overdosing;
• Approved awarding the asbestos abatement for 2725 Holly Springs Parkway to Atlas Environmental Services LLC in the amount of $1,550; and
• Approved awarding Larry Gasaway with the City Hall and public safety building exterior painting project in the amount of $11,150.