County mayors say they're tapping reserves - WRCBtv.com | Chattanooga News, Weather & Sports

County mayors say they're tapping reserves

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NASHVILLE, Tenn. (AP) - The head of the Tennessee county mayor's group says more than half of the counties he's heard from have used reserve funds to balance their current budgets.

Fred Congdon, executive director of the Association of County Mayors, told WMOT-FM in Murfreesboro he's heard from 46 of the state's 95 counties, and 27 of those had to tap reserve funding. Several said they expect to dip into their reserves next year as well (http://bit.ly/nAeLt5).

Congdon sent an email to association members. Of the 46 who replied, seven reported raising property taxes in the current budget year and 17 anticipated a similar hike next fiscal year.

Congdon urged his colleagues to talk with state lawmakers to blunt any effort to shift more costs to local governments in the next legislative session.

 

Information from: WMOT-FM, http://www.wmot.org/

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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