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July 6 meeting KEY ACTION  Heard first reading of an ordinance that sets the 2022 city tax budget, which is expected to include slight increases in operating costs. DISCUSSION Finance Director Larry Paxton stressed that the budget is an estimate of what the city’s economy will look like in six months, and changes could occur. The fluctuating financial numbers are partially due to the coronavirus pandemic s effect on the economy since March 2020, when restrictions were initiated statewide to help prevent the spread of COVID-19. The city is not projecting an increase in 2022 income tax revenue because of economic uncertainty, Paxton said.

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