Bill Spinks wspinks@cherryroad.com With Oct. 1 looming, the approval of a fiscal year 2024-2025 operating budget and property tax rate highlighted the Midlothian City Council’s regular meeting on Tuesday night. Following public hearings in which both the budget and tax rate were presented for review, the council held a record vote to approve each and the budget and tax rate both passed unanimously. The tax rate will remain at a total of 65 cents per $100 taxable valuation, of which 34.3882 cents are designated for Maintenance and Operations and 30.6118 cents for Interest and Sinking, or debt service. The tax rates would generate a total of $28.2 million for the M&O portion of the tax and $21.6 million for the debt service, city finance director Ann Honza told councilmembers. Councilmember Mike Rodgers noted that the figures take all homestead and senior exemptions into account. The city’s homestead exemption this year increased from 10 percent to 20 percent. The council also held a separate vote to approve the property tax revenue rate as compared to the current year’s budget. The vote was 7-0. The new budget would increase revenue by just over $2 million from existing properties year-to-year, with newly-added properties chipping in another $2.3 million. Mayor Justin Coffman thanked councilmembers and staff for their hard work in putting the new budget together, and urged citizens who have questions about their tax rate or the budget to contact a councilmember. “Go to the people who really have the answers,” Coffman said. “If you’re going to Facebook to get your answers, you’re flawed. Go to the source and get real answers to solve real problems and get real feedback.“ All councilmembers were present. Other items Mayor Coffman issued a proclamation declaring Sept. 9-15 as Constitution Week in the city. The approved consent […]