McMinnville’s fiscal 2018-19 budget passed initial review Tuesday, keeping the city’s property tax rate at $2.08.The city Finance Committee met to review departmental budgets and recommend a property tax rate for the upcoming fiscal year. According to committee chair Alderman Everett Brock, the city’s projected cash balance for June 30, 2019 is $2.4 million, but he believes the year will end with an actual cash balance of $5.2 million if history continues to repeat itself. “I went back six years to 2012 and gave us our estimated ending balance and our actual ending balance,” said Brock.
Finance Committee recommends no city property tax increase