JACKSON CO., Ala. (WHNT) — Jackson County leaders are working to determine options as a source of the county’s funds decrease.
A portion of Jackson County’s operating budget comes from TVA funding. Those ‘in lieu of tax’ funds come from TVA properties in the county.
Commissioners say those funds are decreasing, and a committee designated to appropriate that money is doing what it can to find out its options.
Commission Chair Matthew Hodges says that decrease in funding will affect everyone in the county.
“As we continue to see the TVA in lieu of tax funds drop, it’s really hurting the economy here in Jackson County,” Hodges says.
County Commissioners say they say those funds make up a large portion of the money that goes to entities like the schools, the Sheriff’s Office and other civic organizations.
Hodges says a TVA run entity might be shutting down. “With the possibility of the coal plant shutting down here in Jackson County we’re going to see those, we suspect those taxes, the in lieu of taxes, will drop even lower.”
Hodges is on the committee designated to handle the funds. He says the committee is doing what it can to work with TVA to keep their entities in the county, and they’re working to find other sources of revenue to make up for the reduction in funding.