Knoxville Mayor Indya Kincannon presents her proposed budget for the upcoming fiscal year in her State of the City address.
The almost $433 million proposed budget does not include a property tax increase.
A main focus for Kincannon’s proposed budget is the need for housing in the city. $7.5 million dollars will go toward affordable housing, with $4.5 million allocated to “Transforming Western,” an initiative to overhaul Knoxville’s largest public housing community.
The budget sets aside $2 million for Lakeshore Park, $1 million for Lonsdale Park, and $4.5 million for the multi-use public stadium connecting East Knoxville to downtown.
Nearly $12 million was allotted to construct and maintain roads and sidewalks throughout the city.
Kincannon will present her proposed budget to the Knoxville City Council for the first reading on May 2, followed by a legislative budget hearing and public hearing on May 9.
