Public Hearing for Possible Tax Increase
Posted/updated on: August 10, 2010 at 12:51 pmSMITH COUNTY — Smith County Commissioners battled out their thoughts on job cuts and raised taxes last week. This week, however, they are just going to listen. As the county tries to scrape up $7 million in budget cuts, County Judge Joel Baker proposes a tax increase. Now, taxpayers get a chance to voice their thoughts on the matter. A public hearing was held today. According to KETK, the increase would bring in an extra $4 million for the county.
Commissioner Terry Phillips says they have to build a reserve back up that they spent last year. He says there will probably be some kind of tax, because it’s the only way to get the county budget where it needs to be. Since sales tax is down, the county is not taking in as much money as last year. Phillips says, “To balance the budget, we either have to raise taxes or reduce the budget.” Another public hearing will be held on August 17th.