Not a new
issue: Daily News Journal,
May 13, 1988
Schools request equal 81 cent tax hike.
County Finance
Director Randall Matlack said the school system is losing big
money on new students from families which have moved into Rutherford
County from other areas.
Two county commission
committees had few ideas on how the school system can trim its
budget proposal.
Along with increased
budgets from other departments, the projected revenues needed
means the property tax rate would have to go up $1.33 from the
present (in '88) $2.20 tax rate.
"This year
we anticipate having $300,000, as a conservative estimate, left
in the county general fund. That is the minimum amount we need
to operate on." Matlack said.
"If a family
moves in here and buys a new, $100,000 home, it is about two
years before that impact is felt in the tax revenues."
When the house
is taxed, $397 of the $550 in property taxes will go to county
schools. Assuming the family has a $45,000 annual income and
spends part or all of that here, from $650 to $1,268 goes to
the county schools in year - total."
"If a family
has one or two students in the local schools, there is no way
the tax money can pay their way", Matlack said."
Rutherford County Budget
Committee calls for Impact Fee study - Daily
News Journal, Friday, June 20, 2003
