NASHVILLE, Tenn. (WTVF) — Nashville Mayor John Cooper will unveil next year's budget later this afternoon. The city’s budget shortfall is $300 million following the deadly March tornadoes and current COVID-19 pandemic.
The one big item that people want to know about is whether Mayor Cooper will move forward with a property tax hike to get the city in better financial footing. Up until this point, he hasn't mentioned how high that tax increase could be.
Other council members weren’t on board with tax increases in the past few years, but some we've spoken with say it might be the only solution.
Here’s what we know the Mayor has asked for up to this point:
- He’s asking Metro Schools to cut $100 million from its budget.
- He's also asked all parts of Metro’s government to find ways to save money.
- His goal is to avoid any city employee layoffs
Mayor Cooper will present his budget at 3:30 p.m. NewsChannel 5 will stream it live. To keep with social distancing protocols, the meeting with council will happen virtually.
What is the rebound?
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Find more in the sections below
More Safely Back to School storiesHow schools are changing, and what you can do to help your child get the most from their education, in-person or virtual
Getting Back To WorkLearn about the latest job openings, how to file for benefits and succeed in the job market.
Making Ends MeetFind help on topics from rent to food to new belt-tightening techniques.
Managing the PressureFeeling isolated or frustrated? Learn ways to connect with people virtually, get counseling or manage your stress.
Doing What’s RightKeep track of the way people are spending your tax dollars and treating your community.
Keeping You SafeFrom schools to stores to restaurants, learn what’s being done to keep you safe.