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Budget committee moves one penny from capital to general fund to close shortfall
Summary
Sumner County budget committee voted to shift one penny of the property tax levy from the capital projects levy into the general fund, a change intended to reduce the need for deeper departmental cuts while preserving the overall balance of the preliminary budget.
Sumner County budget committee members voted to move one penny of the county property-tax levy from the capital projects levy into the general fund, a change the committee’s finance staff said narrows the gap in this year’s preliminary budget.
The committee’s action came after a presentation from finance staff on the county’s fund-balance trajectory and revenue assumptions.…
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