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Shelby County officials warn $13 million tax ‘recapture’ could tighten next year’s budget
Summary
County trustees and finance staff told commissioners a potential $13 million ’recapture’ from successful property‑tax appeals could force choices about using new growth to cover the loss, tighten debt service capacity and make additional programs harder to fund without a detailed spending plan.
Shelby County trustees and finance officials told commissioners during committee hearings that a likely $13,000,000 recapture tied to property‑tax appeals could leave next year’s budget tighter unless growth offsets materialize.
Eugene Newman, Shelby County trustee, described how the state could require the county to reduce its certified tax rate — “by 4 or 5¢” in his example — after appeals are finalized, which would lower revenue from real and state‑assessed property. Newman said that new growth and increases in…
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