Friday April 26th, 2024 4:32PM

Oakwood unveils nearly $4M budget; some residents may face tax increase

By Ken Stanford Contributing Editor

OAKWOOD - The City of Oakwood unveiled a $3.9 million budget Monday night, which, if fully funded, could mean an increase in taxes for some property owners.

City Manager Stan Brown said Tuesday the proposed spending plan includes cost-of-living pay increases for city employees, along with performance-based increases.

Brown says the proposed tax rate is four mills, the same as last year but some people may end of paying more in taxes because of property reassessments.

A public hearing on the budget and tax rate is scheduled next Monday at 6:00 at Oakwood City Hall.

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