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Boone County attorney warns Senate Bill 1 would shrink local revenues; council adopts joint resolution
Summary
County attorney told the council that Senate Bill 1, as amended, would eliminate the business personal property tax and create downstream impacts on bonds, library funding and local services; Boone County Council adopted a joint resolution opposing the bill’s effects.
The Boone County Council heard an extended legal update on the legislative changes in Senate Bill 1 and voted to adopt a joint resolution signaling local concern about the measure.
County counsel Jewel told the council the bill — as drafted and under active amendment at the statehouse — would “include[] the complete elimination of the business personal property tax,” a change she said would remove a predictable revenue stream for counties and municipalities and make borrowing more costly. “It's an absolute guess in as to what that income's going to be,” Jewel said of the proposed replacement through a local option…
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