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Mon July 6, 2009
Montgomery County Discusses Tax Increase
By Casey Northcutt
Clarksville, TN – Clarksville city officials voted against raising taxes which is prompting Montgomery County Commissioners meet today to discuss a possible 12-cent property tax increase. Public Information Officer Elizabeth Black says commissioners are worried because Clarksville officials are using reserves from their fund-balance instead of raising taxes. She says this could eventually ruin the city's bond rating and increase the interest on any money it needs to borrow. A public hearing on the budget is scheduled for 6 p.m. in the county courthouse. The county commission meets at 7 p.m. in a nonvoting informational session. Commissioners are expected to vote on the matter next week.