5 days ago
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.
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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.
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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,
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