Saturday, May 8, 2010
County Executive To Discuss Budget Issues
The Putnam County Board of Education is not the only group that's dealing with something of a budget crunch this year. Putnam County Executive Kim Blaylock will be speaking to the county's fiscal review committee Monday night about the budget situation. The main two sources of revenue for what's called the county general portion of the budget are sales taxes and property taxes. All across Tennessee, sales tax revenue has been below what was projected for this fiscal year, and officials have been working to deal with either program cuts or proposed new ways to raise revenue. Schools director Kathleen Airhart has been holding a series of public hearings about the school system budget and the potential shortfall there, if a tax increase is not approved, but many local officials say a tax hike is not likely in an election year.