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Finance director urges cautious use of property-tax "pennies," sets schedule for budget hearings
Summary
Sumner County finance director presented long-term projections for the county's 1.421 property tax rate, recommended keeping recurring levies intact to cover debt service and capital needs, and the committee set follow-up budget hearings in June.
Mister Lawn, the county finance director, told the General Operations/Budget Committee that the county's property tax rate was currently set at 1.421 and urged commissioners to think of that rate as a set of "five buckets" that must be used only for the purposes levied.
"Before we even start looking at the property tax, the first thing we need to consider is your rate," Lawn said during a PowerPoint presentation on the county's long-term finances.
Lawn walked the committee through a series of analyses showing an estimated year-end debt-service balance of about $37,300,000 and said a prudent target balance would be between $10 million and $12 million. He said removing property tax receipts from debt…
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