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Tuesday, December 9, 2014

Anthony Holt, Taxes, and the Sumner County Budget

County Executive Anthony Holt points out in a recent article in the Hendersonville Standard that the previous County Commission committed to a host of expenditures before they left office ... leaving the new Commission with two choices: Cut budgeted expenses or raise revenue to cover the expenses.

Here's Holt's statement on the issue:

"The majority of these expenses were budgeted and committed to by our previous 'fiscally responsible' County Commission with no attempt made to increase revenue or make corresponding reductions in the county’s budget, leaving our newly elected Commissioners holding the bill."

Among the new expenses is a bailout of the insurance trust, already bailed out in 2013 because the Commission under previous leadership refused to charge adequate premiums or deposit sufficient funds to cover claims.

That Commission, under the leadership of Merrol Hyde, also spent nearly all of the $40 million of reserve funds on recurring expenses, effectively running deficit budgets with no plan to meet expenses.

The new Commission raised revenue in a way that responsibly invests in Sumner County, including supporting schools and other county needs.

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