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Tri‑Creek staff warn Senate Enrolled Act 1 could cut district property‑tax revenue by about $1.86 million in 2026
Summary
Business officer Dana told the Tri‑Creek board the state’s Senate Enrolled Act 1 is estimated by the DLGF to reduce district property‑tax revenue by roughly $1.86 million in 2026; she said the change could also hit debt service and warned of credit‑rating and cash‑flow implications.
Dana (Speaker 11), Tri‑Creek’s business officer, told the board that the recently enacted Senate Enrolled Act 1 — a property‑tax relief measure — will likely reduce assessed value calculations and change homestead deductions and business personal property exemptions in ways that reduce district revenue. She cited a DLGF estimate showing a possible $1,860,000 loss to property‑tax revenue in 2026 and said that result would represent a 189% increase over last year’s circuit‑breaker…
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