Local Government, General - As introduced, requires that a reduction of the allocations and distributions of certain tax and other revenues to counties and municipalities due to a population loss based on the revised populations certified by the department of economic and community development be implemented incrementally in 20 percent increments over a five-year period. - Amends TCA Title 4, Chapter 3; Title 4, Chapter 49; Section 9-16-101; Title 54, Chapter 4; Title 55, Chapter 4; Title 57,...

Summary

The bill requires the state to reduce county and municipal revenue allocations caused by population loss gradually, capping the first‑year cut at 20% of the projected loss and adding another 20% each subsequent year until the allocation matches the new population count. It applies to all tax and other revenues tied to population certifications and aims to give local governments fiscal stability during demographic changes.

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