SB1053 - Tennessee - Regional Authorities And Special Districts

Companion Bill HB1936. Regional Authorities and Special Districts - Expands West Tennessee River Basin Authority's geographical area to include certain creek and river basins flowing into the Tennessee River from the east. - Amends TCA Title 64, Chapter 1, Part 11. Fiscal Summary for *SB1053 / HB1936 Increase State Expenditures - $339,000 Recurring $21,000 One-Time Increase Local Govt. Revenues - $128,000/Permissive Increase Local Govt. Expenditures - $128,000/Permissive Other Fiscal Impact - If Hardin County chooses to adopt a property tax increase of up to $0.03 per $100 of property value, as authorized by T.C.A. §61-1-1104(a)(1), to help offset the costs of the Authority, there will be an increase in local government revenues of up to $128,000. The exact amount will depend on whether or not the county chooses to adopt such tax and [...]

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