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Pulaski County staff warns of about $107,000 property-tax revenue shortfall after state changes
Summary
Staff told the commission that recent state property-tax changes (referred to in the meeting as 'SEA 1 20 25') and the removal of a 30% personal-property depreciation floor are likely to accelerate tax caps and reduce county property-tax revenue by about $107,000 this year, widening gaps on the 'back end' of levy calculations.
Commission staff reported that changes enacted in this year’s state legislation will likely reduce Pulaski County’s property-tax revenue on the back end of levy calculations by roughly $107,000 compared with prior forecasts.
"The county government is gonna end up short of…
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