Giles County Revenue Sharing Resolution

A resolution of the Giles County Commission is in support of revenue sharing proposal in the state legislature.

The resolution states that in 2002, the state of Tennessee passed legislation which increased the sales taxes with the state retaining a greater share of sales tax revenue, altering the historic revenue-sharing agreement with local governments.

The state’s individual Counties and their incorporated municipalities are the economic engine of the state, and local governments are confronted with an ever-increasing burden to support and expand infrastructural and other needs.

The decrease in the state’s revenue sharing has become a compounding problem over the last two decades, with nearly $2 billion in lost funding which could have otherwise been used to recapitalize county infrastructure, public safety, schools, and the array of public services that enhance community life.

The State’s fiscal situation has improved immensely since 2002, with State officials touting what is now referred to as the state’s “budget surplus,” and Senate Bill 0462 and House Bill 1187 are currently pending in our State’s legislature, passage of which would return state and County government to its pre-2002 historical revenue sharing.

The Giles County Commission has resolved that the Giles County Commission hereby strongly recommends and requests that our state representatives vote and advocate for passage of SB 0462 and HB 1187, said Bills clearly being in the best interest of Giles County, its citizens and taxpayers, and that all orders and resolutions in conflict herewith be and the same are hereby repealed and this resolution shall take effect immediately upon its passage.