CORINTH – Raises for Corinth employees are proposed for the new fiscal year with final budget approval expected at a special meeting Sept. 10.
Aldermen during a Tuesday budget work session generally agreed to a 3 percent raise, or a 30 cent-per-hour raise, for city employees, whichever is greater.
The proposed budget also includes no increase in the ad valorem tax, the tax assessed on real property, personal property and motor vehicles.
However, city officials are considering a $1.6 million bond issue for the coming year for infrastructure projects and street paving, as well as a $1 million low-interest loan to match a $4.1 million federal grant for drainage improvements. Neither plan would require a tax increase.