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Bradley County Commission backs letter urging lawmakers to preserve tax-exempt municipal bonds
Summary
At its June 2 meeting the Bradley County Commission unanimously approved a letter to Tennessee’s congressional delegation opposing proposals to limit or eliminate the tax-exempt status of municipal bonds, saying the change would raise local borrowing costs and delay infrastructure projects.
The Bradley County Commission voted unanimously June 2 to send a letter to Tennessee’s federal delegation urging lawmakers to preserve the tax-exempt status of municipal bonds.
The commission approved the motion to submit the letter on a 12-0 roll-call vote after Commissioner Milan M. Blake moved the item and Commissioner Louie Alford seconded. The letter, signed by Chairman Thomas L. Crye and included in the meeting attachments, argued that limiting the exemption would increase local borrowing costs and make it harder to fund roads, schools and emergency services.
The letter states that municipal bonds are “a critical tool for counties like ours to fund essential public infrastructure” and that removing the tax advantage would “stretch our budget, delay important projects, and force increasingly difficult decisions.” The document was addressed to members of Bradley County’s federal delegation and filed as part of the meeting record.
The motion to send the letter was recorded as Item B on the meeting agenda and carried without opposition. The commission did not tie the letter to any immediate spending action; the vote authorized the county’s chairman to transmit the commission’s position to the delegation.
Chairman Thomas L. Crye’s office supplied the three versions of the letter to the House and Senate offices and the texts were entered in the meeting attachments for the official record. The commission adjourned at 7:28 p.m.
