Germantown Development News
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Board of Mayor and Aldermen
Published: Jun 22, 2026
Germantown Adopts FY27 Budget of $242 Million with Slight Tax Rate Reduction
The Board of Mayor and Aldermen approved Ordinance 2026-3 on its third and final reading, adopting the Fiscal Year 2027 budget of $242 million. The budget includes a slight reduction in the tax rate to $1.7925 per $100 of assessed value, supported by AAA bond rating financial policies. Key allocations include 42% for public safety ($82.6 million general fund), $7 million for the legacy pension plan, $10 million for the Houston High School bond, and $3.5 million for road paving. The budget also details enterprise funds and capital improvements, emphasizing leveraging grants for infrastructure projects. An amendment was approved to align the GMSD federal project fund with revised figures from the GMSD school board.
Germantown Adopts Resolution on Revenues, Fees, and Fines for FY27 Budget
The Board of Mayor and Aldermen adopted Resolution 26R01, establishing the rates, fees, and fines for various city revenue sources for the FY27 operating budget. This resolution, reviewed in conjunction with the budget process, considers market conditions, cost of living, and inflation to ensure adequate revenue to support city services. A detailed explanation of changes was provided to the board.
Germantown Adopts Six-Year Capital Improvements Program Totaling Over $101 Million
The Board of Mayor and Aldermen adopted Resolution 26R07, establishing the Capital Improvements Program (CIP) for fiscal years 2027 through 2032. The six-year plan totals $101,667,000, funded through a combination of pay-as-you-go and pay-as-you-use methods. Funding sources include grants (35%), bond issues (16%), general fund reserves (27%), and enterprise fund reserves (23%). The CIP prioritizes projects such as road and intersection improvements, drainage infrastructure, parks, public safety facilities, and school bonds.
Germantown Approves Year-End Budget Adjustments for FY27
The Board of Mayor and Aldermen conducted the third and final reading of Ordinance 2026-1, approving year-end budget adjustments totaling $82.6 million for the general fund and various enterprise funds. These adjustments address costs such as public works change orders, increased staffing for recreation programs, public safety overtime, utility costs, and pension actuarial true-ups. The budget aims to maintain the city's AAA bond rating and fund core priorities including public safety.
Germantown Council Approves Consent Agenda Items, Highlighting Grant Funding Benefits
The Board of Mayor and Aldermen approved several consent agenda items that involve grants, including a $7,500 Milton Community Enhancement Grant to offset Lemonade Stand Day costs, and a $30,300 grant from the Tennessee Department of Health to offset EMS expenses. These grants are highlighted as ways to reduce taxpayer burden and enhance city services.
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Design Review Commission
6.16.26 B.O.E. Work Session & Business Meeting
Board of Zoning Appeals
Board of Mayor and Aldermen
Planning Commission - Work Session @5pm in 1920 S. Germantown Rd.
5.19.26 B.O.E. Business Meeting
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