Consultants warn LIT distribution timing will complicate Pulaski County budgeting
Consultants said adoption of local income tax (LIT) choices is shown in 2028 but distributions under the new structure are likely to phase in around 2030, creating a budget timing mismatch and uncertainty for 2029 planning.
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Consultants told the council that while the new local income tax structure will be adopted in 2028, the consultants’ reading of DLGF guidance is that distributions under the new LIT formula likely will not be fully implemented until about 2030 — creating a one‑ to two‑year window of uncertainty for budgets.
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