An economic recovery began in the city during late 2011, Bacon said during his State of the City speech, and signs are prevalent that it is continuing.
Smyrna is receiving requests for development of new areas, which hasn’t happened in four years. About 613 permits for new development have been issued in the last year. The majority of those, 295, have been in residential housing.
“We’re having a strong increase in residential housing,” Bacon said. “Our folks are staying busy.”
Home ownership in the city is up to 55 percent, he said.
Though Bacon’s outlook is optimistic, he says the commercial retail industry is still slow to recover.
Bacon referenced the city’s millage rate, saying it has remained at 8.99 mills since 2007 and has not increased in the last 20 years.
“The millage rate will be set this year at the same rate it’s been set at for several years,” Bacon said. “I’m very proud of that.”
Still, there’s more work to be done and Bacon is looking forward to the completion of several ongoing projects, including the new Smyrna Elementary School.
“We didn’t get here today by just sitting on our hands,” he said.