athens tn annual budget fy2021 2022

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Ordinance No. 1088
Page 6 of 7

expenditures 27.98% 0.00% 14.66% N/A

SECTION 3. BE IT FURTHER ORDAINED that the taxes provided by Chapter 387 of the
Public Acts of 1971 known as the Business Tax Act, as amended, are hereby enacted, ordained
and levied on the businesses, business activities, vocations or occupations carried on in the City
of Athens, Tennessee, at the rates and in the manner prescribed by said Act; also, the tax on the
gross sales of beer sold within the corporate limits of the City of Athens, Tennessee, as provided
by Chapter 76 of the Public Acts of Tennessee, as amended, for the fiscal year 2021-2022.

SECTION 4. BE IT FURTHER ORDAINED that the authority of municipalities to assess and
collect certain privilege and license taxes is based upon the population of municipalities
according to the Federal Census of 2010 on a graduated basis or any subsequent Federal Census
or other census authorized by and certified to the Federal Government by the Tennessee State
Planning Commission, whichever is latest. It is therefore, declared by the Council for the City of
Athens that the official census for Athens, Tennessee, is 13,458. The levy and collections are only
to the extent not repealed by Chapter 387 of the Public Acts of 1971.

SECTION 5. BE IT FURTHER ORDAINED that the City Manager or his Assistant shall collect
a fee on all business licenses sold in accordance with applicable state law and said fee shall be
turned over to the City for General Fund purposes. The Tennessee Department of Revenue will
receive business tax payments under the Business Tax Act and the Director of Finance shall
coordinate with the Tennessee Department of Revenue regarding the City receiving its
appropriate share of business taxes collected pursuant to this ordinance.

SECTION 6. BEIT FURTHER ORDAINED that the tax rate for the year 2021-2022 be and is
hereby fixed at $1.3476 on each ONE HUNDRED DOLLARS ($100.00) assessed value of taxable
property located within the corporate limits of the City of Athens, Tennessee.

SECTION 7. BE IT FURTHER ORDAINED that refuse collection and disposal charges for
fiscal year 2021-2022 is hereby fixed as follows: small professional, commercial or business
establishments operating within the City of Athens shall pay a minimum fee of $9.50 per month;
large professional, commercial or business establishments operating within the City of Athens
shall pay a minimum fee of $28.50 per month; all residences within the City of Athens shall pay
a minimum fee of $9.50 per month.

SECTION 8. BE IT FURTHER ORDAINED that the Mayor and City Manager, by appropriate
authorization may borrow upon tax anticipation notes such sums or sum of money as may be
necessary to defray current operating expenses, provided however, that such notes shall bear
interest at a rate not to exceed one (1%) percent in excess of prime interest rates set by New
York Banks and shall not be borrowed for a period longer than the current fiscal year and said
sums shall not exceed fifty percent (50%) of the annual tax levy as set out in Section 5 of the
Corporate Powers of the Charter of the City of Athens, Tennessee, said interest to be exempt
from all Federal, State, and Municipal taxation.

SECTION 9. BE IT FURTHER ORDAINED that the City of Athens anticipates issuing debt in
the amount of $7,500,000 during the 2021-2022 fiscal year for five capital projects consisting of
road and traffic improvements, renovations of the public works facility, renovations of the
Municipal Building, a fire training tower and a new animal shelter building. 68