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National press takes note of Oak Ridge property taxes
Posted By katie allison granju
Terry Frank points to a WSJ article:
Oak Ridge, Tenn., near Knoxville, is preparing to raise its rate 5%, in part to cover the rising cost of items, such as gasoline for police cars and asphalt to resurface streets. The city’s sales-tax revenue has stayed about flat, as the weak economy keeps a check on consumer spending, City Manager James O’Connor says.
But Frank isn’t buying that explanation:
Uh, I don’t think that’s the reason. Oak Ridge is notorious for hiring expensive consultants in addition to new high school construction and a current annual student cost of $11,150 for this year. That will rise to $18,295 in 2019.
Apr 28th, 2008

