The Dublin City Council officially adopted a decreased tax rate during a special meeting Monday night.
The new approved rate was set at $.9001 per $100 valuation, down from the 2020 rate of $.9638.
Dublin City Manager Bobby Mendez reported that part of the tax rate decrease is due to the city paying off a portion of its debt, decreasing the I&S rate.
Mendez also reported that the city was able to able to balance a budget while working in a 3.5 percent cost of living increase for employees.
“Our main focus was taking care of folks who stuck with us through a difficult time,” Mendez said in reference to city workers who have been working through the pandemic.
It was also announced during the meeting that the city received its first deposit from the American Rescue Plan Act. Mendez reported that a committee was being formed and public input will be sought on the best way to spend the funds in improving the town.