Greenville – The City of Greenville plans to cut its tax rate. City Manager Steven Alexander presented his first draft of next year's proposed budget to the City Council Tuesday. The budget includes pay increases for all municipal employees and a more than four-cent reduction in the ad valorem tax rate. The budget is still just a proposal and needs to be formally approved later this month. The cut in the tax rate is said to be due in large part to the recent significant increases in local appraised property values.
Click the MP3 icon to listen as KETR's Greenville Correspondent Brad Kellar reports.