The Elkton City Council met in special session on Tuesday, September 19, 2006 with Mayor John E. Walton presiding. Mayor Walton called the meeting to order at 5:00 PM.

City Council members present: Greg Allen; Nancy Camp; Eugene Jefferson; Brad Shemwell; and, Danny Laster.

City Council members absent: David Powell.

Others present: Laura M. Brock, City Clerk/Treasurer; Evelyn Boone, Todd County Standard.

Clerk Brock presented tax rate calculations for 2006. The compensating rate for 2006 is as follows: Real Property - $.250 per $100.00 assessment; Personal Property - $.632 per $100.00 assessment. Using these rates would generate approximately $14,024 over last year. Clerk Brock recommended setting the rate at the compensating rate, however stated a concern that the personal property tax rate is getting very close to the maximum state allowed rate. Also, it is a very large increase over last year’s rate of $.421. Clerk Brock recommended setting the real property tax rate at $.250 and the personal property tax rate at $.550. Using this rate would generate approximately $11,100 over last year. There was discussion regarding the need for revenue. Clerk Brock stated the City is operating at about even after cutting back to only 6 full-time police officers. The extra revenue is needed if the goal is to go back to 8 full-time police officers. After some discussion, Mrs. Camp motioned to go with Clerk Brock’s recommendation and set the real property tax rate at $.250 and the personal property tax rate at $.550. Motion seconded by Mr. Jefferson. Those voting in favor of the motion were Shemwell, Jefferson, Allen and Camp. Voting opposed was Laster. Motion carried.