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mccracken county fiscal court
Mon October 28, 2013
McCracken County Considers TVA Legislation
The McCracken County Fiscal Court is considering joining nine other western Kentucky counties in supporting a Kentucky House of Representatives bill that would return Tennessee Valley Authority money to counties for economic development.
Judge Executive Van Newberry proposed resolution on Monday at the McCracken County Courthouse.
"It would certainly help some of the more small or rural counties that need all the help that they can get. Of course, McCracken County being a larger, more urban county, we more than welcome it," Judge Executive Van Newberry said. "We think it's the right thing to do, because the original in lieu of tax idea when Tennessee Valley Authority was formed back in the '30's was to help these counties with economic development."
If passed, the government utility would return money the state receives in lieu of taxes back to counties in which TVA works. Newberry said the money the county currently receives from TVA can be used for any government expense.
Legislature will consider the bill in January.