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Town treasurer warns deep multi‑year cuts under Senate Enrolled Act 1, urges residents to contact legislators
Summary
Clerk Treasurer AD Stonecipher told the Clarksville council a state law change could cut municipal revenues by tens of millions over the next decade and outlined local revenue options including a 1.2% municipal local income tax and a wheel tax to blunt the impact.
Clerk Treasurer AD Stonecipher told the council during a July 15 work session that Senate Enrolled Act 1 will sharply reduce funds available to Clarksville over the coming decade, and he urged residents to contact state leaders. "We levied 23,100,000. Circuit breakers claw back 6,800,000," Stonecipher said as he walked through cash‑flow tables and projections.
Stonecipher presented a color‑coded finance snapshot showing investments, debt‑service obligations and that the town is reliant on income and excise taxes. He said projecting conservatively, the town could face cumulative cuts of roughly $8.2 million over eight years without changes at the state level and outlined options for local replacement revenue: enacting a municipal local income tax of up to 1.2% and a vehicle ("wheel") fee, each requiring town or public action. Stonecipher estimated a 1.2% municipal LIT could restore much but not all lost revenue and warned that doing nothing would produce a far larger fiscal hit.
