Bristol, TN City Council approves $155M budget on first reading
BRISTOL, Tenn. (WJHL) — The Bristol, Tennessee City Council unanimously approved the city's 2026 fiscal year budget on its first reading Tuesday.
The budget, which would cover the fiscal year starting July 1, 2025 and running through June 30, 2026, totals $155,439,488.
13 ETSU students from countries affected by recent travel ban
According to the agenda from the meeting, the Fiscal Year 2026 budget reflects an increase of $6.2 million from the Fiscal Year 2025 budget.
The budget is broken into two parts: the municipal government portion and the school system portion. The municipal government's portion of the proposed budget is $96,004,212. The Bristol, Tennessee City Schools portion of the budget sits at $59,435,276.
According to the city, the proposed budget is still considered a draft since Bristol, Tennessee has not yet received a certified tax rate.
'Based upon preliminary data available, property tax revenue has been included with approximately a $2.04 tax rate per $100 of assessed value,' the agenda states.
Bristol, Tenn. City Council rescinds Tod Houston Field agreement
According to city leaders, the budget's core focuses are on economic development, education, infrastructure and public safety.
The agenda states that all city programs and services will remain as they have, while the increased budget also allows for more capital investment. Bristol, Tennessee waterworks projects will continue into the next fiscal year, which the budget plans for.
The next public hearing and second reading on the budget will be at the city council's June 19 meeting.
To see the full agenda regarding Tuesday's reading of the budget,
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 hours ago
- Yahoo
Deputy Governor, TDOT Commissioner steps away after seven years
NASHVILLE, Tenn. (WJHL) — Governor Bill Lee announced Friday that Deputy Governor and Commissioner of the Tennessee Department of Transportation (TDOT) Butch Eley is stepping away from his role in the third quarter of 2025 after nearly seven years of leadership. Eley has been a key figure in advancing infrastructure, financial stewardship and government modernization across the state, according to a news release. 'It has been the honor of a lifetime to serve Governor Lee and the people of Tennessee,' Eley said in the release. 'From building long-term systems that better serve Tennesseans, to navigating some of our state's toughest challenges, I'm deeply proud of what we've accomplished. This moment marks not an end, but a pause—a chance to ensure a smooth transition and reflect on how I can continue to make an impact in new ways.' Local agencies warn of DMV text message scam Eley described the decision as a transition to step away from government to spend more time with his family. Under his role as TDOT Commissioner, Eley reportedly launched the following initiatives: Introduced Tennessee's first Public-Private Partnership (P3) initiatives to modernize project delivery and increase innovation by engaging the private sector. Pioneered alternative delivery models to improve project speed and efficiency, improving service for taxpayers. Created the first-ever fiscally constrained 10-year project plan, bringing unprecedented transparency and accountability to state transportation investments. Secured dedicated, recurring General Fund dollars for transportation for the first time in TDOT's history to ensure an additional and sustainable revenue stream to help meet Tennessee's infrastructure needs in the decades to come. Led the single-largest infrastructure investment in state history with the I-55 bridge over the Mississippi replacement project. Commenced the state's first performance-based maintenance contract, engaging the private sector with outlined metrics to establish clear and objective standards for how our roads should look to motorists. 'Since I decided to run for Governor, Deputy Governor Eley has served as one of my most trusted advisors,' Governor Bill Lee said in the release. 'I turned to him to manage our state departments as chief operating officer after my first inauguration, and then to steward our state's finances as finance and administration commissioner during the worst global economic decline since the Great Depression. In my second term, Butch stepped into a new role to prepare Tennessee's infrastructure for generations to come, ensuring we continue to accommodate our state's extraordinary economic growth. I've entrusted him with some of the most difficult challenges facing our state, and he has consistently overachieved. Butch has served the people of Tennessee with the highest level of excellence, and God has blessed Maria and me with a lifelong friend. I thank him for his unwavering leadership.' 'None of this work has been mine alone,' Eley said in the release. 'It's been the result of an extraordinary Governor, supportive and engaged teams, and a shared commitment to making government work better for the people we serve. Leadership is about stewardship—and I believe the systems, improvements, and processes we've built are strong enough to thrive for years to come.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Insider
a day ago
- Business Insider
AVGO Earnings: Broadcom's Financial Results Squeak by Wall Street Estimates
Chipmaker Broadcom (AVGO) has reported Fiscal second-quarter financial results that narrowly beat Wall Street's forecasts. Confident Investing Starts Here: The Silicon Valley-based company announced earnings per share (EPS) of $1.58, which was ahead of the $1.56 expected among analysts. Revenue of $15 billion edged the $14.99 billion consensus expectation of analysts. Sales were up 20% year-over-year. In addition to the solid print, Broadcom's management team offered robust forward guidance, saying they now expect about $15.80 billion in Fiscal third-quarter revenue, versus $15.70 billion that was expected on the Street. Broadcom's income statement. Source: Main Street Data AI Impacts Broadcom said it had $4.40 billion in AI revenue during the latest quarter. Looking ahead, Broadcom said that it expects $5.10 billion in AI chip sales during the current quarter, adding that 'hyperscale partners continue to invest.' Hyperscalers refers to companies that build large cloud systems such as Amazon (AMZN) and Microsoft (MSFT). Sales to hyperscalers are reported in Broadcom's semiconductor solutions business unit, which had $8.40 billion in revenue during the quarter, a 17% increase from last year, and above the $8.34 billion that analysts anticipated. The software business, which includes VMware, grew 25% year-over-year to $6.60 billion in sales during the quarter. AVGO stock has risen 13% this year. Is AVGO Stock a Buy? average AVGO price target of $256.04 implies 1.50% downside risk from current levels. These ratings are likely to change after the company's financial results.
Yahoo
a day ago
- Yahoo
Project Health supports youth in Southwest Virginia interested in health care careers
ABINGDON, Va. (WJHL) — EO Companies received a $1.5 million grant from the U.S. Department of Labor for Project Health, an initiative to support youth and young adults ages 14-24 interested in health care careers. 'Project Health will expand access to training, career development, and critical support services for youth interested in health care careers,' a release from EO Companies said. 'EO will support the development of career pathways and hands-on opportunities that connect young people with real-world health care experience.' Johnson City Horizon 2045 project in final phase The three-year initiative will serve in-school youth ages 14–21 and out-of-school youth ages 16–24 across the City of Norton and Buchanan, Dickenson, Lee, Russell, Scott and Wise counties. Core components of the initiative are as follows, provided by the release: Career Pathway Development – Participants will explore in-demand health care careers and the training required to pursue them. Targeted Recruitment & Outreach – EO will partner with local schools and workforce entities to engage youth at various stages of career readiness. Participant Support Services – Supports such as transportation, childcare, professional attire, technology, tuition assistance, and mentoring will be provided to ensure success. Hands-On Training & Employment Support – Youth will have access to internships, job shadowing, and job placement opportunities with regional health care providers. 'Our communities urgently need more skilled health care workers,' said Crystal Breeding, program director at EO. 'This initiative will create accessible pathways for young people to step into those roles by removing barriers that too often hold them back.' For more information or to get involved, visit EO Workforce. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
