Tazewell County’s planning to operate on about $63-Million in its next fiscal year starting December first. The county is also expecting a one-point-two-million dollar deficit.
Such an ongoing structural deficit is all too common in many local governments today. Tim Neuhauser is the Vice Chairman of the Tazewell County Board and also chairs the finance committee. Neuhauser says the board will also decide next month whether to send a property tax referendum to voters.
Neuhauser says the County has remained fiscally conservatives with its property tax rate. “We felt we needed to be responsible and only take what we needed and now the tables have turned with what the state is doing to us, with all of the difficulties we are having in the state it’s time for us to reevaluate what we need to take and what that may look like moving forward,” Neuhauser said.
Mercer County is the only other county out of the 102 in the state that has lower property taxes.
If the Tazewell County Board decides to move ahead with a referendum question at the .15-percent level it would mean a $41 a year increase for the owner of a $100,000 home.
The board will need to approve such a voter referendum next month in order to place the question on the March ballot.
The Tazewell County Board will also give final to its 2018 budget October 25th. The county’s new fiscal year begins December 1, 2017.