Bristol Tennessee’s Financial Advisor Scott Gibson Is Recommending A Substantial Increase In The City’s Property Tax Rate. He Suggests Raising The Current $1.98 Per $100 Of Assessed Value By 18 To 25 Cents. City Council Members Agree On The Urgency, Citing Concerns About Fund Balance And Bond Ratings. The Increase Is Deemed Necessary To Maintain City Services And Address Financial Challenges. No Immediate Action Was Taken, But Further Discussions Are Expected.