Greer gives initial OK to $59M budget with no property tax increase: City Council notes
Here’s a recap of Greer City Council’s May 27 meeting.
Initial approval: $59.01M 2025-26 budget
Council unanimously approved the first of two readings for an ordinance establishing a $59.01 million total operating budget for fiscal year 2025-2026 that requires no property tax increase.
The proposed budget reflects an increase in anticipated revenues due to growth of more than 8%, according to City Administrator Andy Merriman.
The vast majority of operational expenses for the annual budget are borne by ad valorem property tax revenue, he said. This amounts to 105.93 mills of the city’s 113.0 total millage rate. Each mill of that rate generates $258,441 in property tax revenue.
During discussion of the proposed budget, council members praised the positive impact growth was having on city revenue and expressed their desire to ease the tax burden on city residents in light of that growth.
Councilman Jay Arrowood said considering the increasing value of the city’s millage rate and the corresponding increase in revenue those rates represent, he would like the council to explore the possibility of reducing the millage rate, perhaps by as much as two mills.
That discussion could come as soon as June 3 at 5:30 p.m., when council is scheduled to conduct a budget workshop to discuss the 2025-2026 proposed budget.
Second and final reading of the proposed budget ordinance is scheduled for council’s June 10 meeting.
The city must adopt an operating budget for the new fiscal year prior to the current fiscal year’s June 30 end.
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