Knox Clerk-Treasurer Jeff Houston told the city council last week that the budget was approved, but with the circuit breaker, they will be receiving $218,000 less so cuts will need to be made wherever possible.
Property tax caps are cutting funds available to the city and county. Houston noted that while the property owners are seeing relief in their taxes, it’s causing severe belt tightening at the local level which hurts services. There’s only a few ways the city can collect money by the city and raising taxes is not in the best interest of the council.
Houston said he has found $75,000 that can be cut but he will be talking to the department heads to see where the rest of the money can be cut.