The last time Knoxvillians saw a property tax increase, current governor Bill Haslam was the mayor asking for it. It was 2004, Haslam's first year in office.
Ten years later, Haslam's successor says rising expenses are forcing her to ask for an increase. At a Wednesday afternoon event to unveil her 2014-2015 budget, Madeline Rogero said she will ask City Council to approve a $.34 increase for every $100 of assessed value. That means the owner of a $100,000 home will pay approximately $85 in additional taxes next year.
As early voting in Tennessee gets underway, Knoxville voters will cast ballots that could change the city charter. At issue: the pension plan for city workers. Knoxville Mayor Madeline Rogero has proposed what she calls a "hybrid" pension plan. It would apply to any employee hired after January 1, 2013, and would close the current pension plan. Changes will include a rise in retirement age and an increase in the pension vesting period (from 5 years to 10 years). The new plan would also put limits on defined benefits, or those benefits guaranteed by the city.