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Posted: January 18, 2011 11:52 a.m.

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Oxford council meets tonight

The Oxford City Council has a full agenda for Tuesday, with public hearings on a change in the form of government for the city and a proposed homestead exemption, and a called meeting on changes to the city’s retirement plan.

The council will meet at 6 p.m. Tuesday at City Hall, opening with a hearing on changing the city’s form of government to one led by a full-time city manager.

Any change could take effect July 1, Mayor Jerry Roseberry said.

At 6:30 p.m. Tuesday, the council will hold a hearing on a proposed $10,000 exemption for owner-occupied homes. Councilman Frank J. Davis said previously that a half-mil increase in the property tax rate would be needed to offset revenue lost in the exemption. In a home valued at $142,600 with an assessed value of $57,000, a homeowner who qualifies for the exemption would pay $40 less a year in property taxes, while the owner of a rental property would pay $30 more.

Public hearings on each measure will also be held at 6 p.m. Jan. 24, followed with a session at 7 p.m. on Jan. 24 to authorize a resolution asking for the Newton County Legislative Delegation to craft local legislation authorizing the changes.

Voters would have to approve any homestead exemption measure in the November General Election.

The called meeting will begin at 7 p.m. Tuesday to hold a first reading on the amendments to the retirement plan that would provide a one-time incentive program that would provide an early retirement option for some city workers.

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