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County executive explains tax‑relief approach, previews stadium negotiations and distributes unofficial budget
Summary
County Executive Loboda told the legislature the administration will follow the 2024 State Tax Commission order, deliver residential tax relief as credits spread over three years, cap certain commercial increases at 15%, and handed members an unofficial budget; he also said stadium talks are ongoing and will include community benefits.
County Executive Loboda told the Jackson County Legislature on Nov. 17 that his administration will follow the 2024 State Tax Commission order and that residential tax relief will be delivered as tax credits spread over three years rather than refunds to taxing jurisdictions.
"We are gonna give tax credits. We're gonna break them up over 3 years so we're not gonna have a devastating effect to any of the agencies," Loboda said, emphasizing that funds already distributed to taxing jurisdictions mean refunds are not feasible this year. He added that commercial tax relief rules will include a cap for commercial properties where assessed increases exceeded 15 percent for parcels under $5 million.
Loboda said his office will hold informational meetings with school superintendents and municipal officials to explain the financial impact and that staff are preparing parcel‑level data (including by ZIP code) for legislators who requested it. On a data point mentioned in the meeting, Loboda said staff had identified "around approximately...7,500 seniors" potentially affected by rollback/credit mechanics and that officials would follow up to confirm numbers and letters to taxing jurisdictions.
On other topics, Loboda said stadium negotiations are continuing. He described separate conversations with potential baseball and football operators and said any future agreements should incorporate community benefits. "I want to make sure those agreements include community benefits," Legislator Donna Payton said during questions; Loboda agreed that both teams understand expectations for community investment.
Loboda also distributed what he called an 'unofficial' budget that had been shared with every department head and asked legislators to review the materials ahead of scheduled budget hearings. The legislature scheduled those hearings for Wednesday, Nov. 19 and Thursday, Nov. 20 at 9 a.m.
Next steps: county staff will produce parcel‑level reports, meet with taxing jurisdictions and finalize any outstanding calculations on senior credits and commercial caps.
