Financial adviser: state data gaps and legislative timing make rate-setting premature

Jeff Peters, a financial adviser with Peters Franklin, spent the bulk of the meeting outlining the data and statutory details Jefferson County municipalities lack to calculate prospective maximum local income-tax rates. Peters said recent legislative changes (discussed on the record as SEA 1/2025) will phase in from 2026 through 2031 and that the most substantial property-tax impacts are likely in later years of the phase-in.