Ballooning payments for past borrowing could leave future county leaders with little choice but to raise property taxes.
Jay Proposes Wheel Tax Repeal
If Knox County Commission approves the measure, the local levy on vehicle registrations would be phased out over three years.
Discount Discontinued
By closing a reappraisal loophole, Knox County Commission looks to increase revenues by millions without raising taxes.
A New Way to Pay
Commission OKs the county’s first residential infrastructure development district, with conditions.
Sounding the Debt Alarm
Knox County borrows money every year to pay for capital projects. Its annual payments will soon top $100 million.
Flattening Revenues
As Knox County begins work on next year’s budget, some long-term trends are likely to constrain spending.
Mayor and Sheriff Reach Budget Deal
If approved, the compromise will provide historic raises to deputies and jailers and avoid a threatened lawsuit.
Stadium Cost Finalized
The tab has risen to $114 million, but Boyd’s extended commitment means no additional public funds would go toward construction.
Moneyball Maneuvers
A revised financing plan for the new stadium near the Old City includes a loan to cover increasing costs and an expanded tax district to help pay for it.
Recalculating the Cost
With projections smashed by high materials prices, the actual budget for the planned multi-use stadium won’t be known until this fall.