♦ Council decides on “no-new-revenue”
By Melinda L. Lucas
Members of the Albany city council met briefly on Tuesday morning to propose a tax rate, discussing a couple of options but agreeing quickly that they did not want to “put any more burden” on local taxpayers than necessary.
City manager Billy Holson stated that he was “comfortable” working with what is now termed the “no-new-revenue’ (NNR) tax rate, previously known as the effective tax rate.
The NNR is based on a rate that would produce the same amount of taxes if applied to the same properties taxed the previous year.