The hefty tax increase comes with the loss of significant property tax revenue from Tate & Lyle and Kimberly-Clark who are both contesting their current property tax assessments. If their appeals are successful, even higher taxes could be in Loudon's future.

In the news article, City Manager Lynn Mills said the department heads have worked hard to keep expenses at a minimum and the new budget of approximately 6.2 million dollars will be essentially the same as this years budget.