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City adopts budget, tax reate

by | Sep 14, 2023 | Latest

Property owners will get a break in Fiscal Year (FY) 2024 as the Murphy City Council adopted a lower tax rate despite a budget that will spend 1.7% more.

Nobody showed up to speak at council’s public hearings at the Tuesday, Sept. 5, meeting at which councilmembers adopted a $52.56 million budget for all funds and a tax rate of just under 41 cents per $100 appraised value of property. The fiscal year starts Oct. 1 and runs through Sept. 30, 2024.

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