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The Clarksville City Council held an executive session on April 30, 2026, at 4:30 PM in the City Council Chambers. The meeting featured a presentation by Financial Advisor Lauren Lowe of PFM on proposed property tax cap legislation, followed by numerous zoning case discussions from the Regional Planning Commission, routine consent agenda items, and financial matters including eminent domain authorization and bond issuances. Public comment centered on the Ajax Turner Senior Center’s lease termination. Council members also reported on committee activities and legislative successes.
Good afternoon, everyone, and welcome to the April 30th, 2026 executive session of the Clarksville City Council. Before we get into our planning commission report, uh Kristen Wilcox, our chief financial officer will introduce our guest who will make a presentation that is very timely and very important. So Ms. Wilcox, you're recognized. Thank you, Mayor. Tonight we have our financial advisor from PFM. Her name is Lauren Lowe. She's gonna be giving you an update on uh the property tax cap legislation that has been coming up for the past few years. It did fail in this session, but we expect it to come again. So Lauren's just gonna give you an update on that. Thank you. Thank you. As we used to say in the legislature, nothing dies in Nashville. It just kind of sleeps for a year. That's right. Um, good afternoon. As Kristen said, I'm Lauren Lowe with PFM Financial Advisors. We serve as independent advisor to the city. Um I believe you all have the presentations visible. I will try to keep clicking through as well as turning my own pages as we go through the materials. So um uh as Kristen mentioned, we have been tracking the legislation as it relates to sort of the practical implication of this legislation. And so when it did fail, it we start already teed this up to talk about it, so we just kept it on the agenda. So moving forward, and some of you may be aware of this, so I'll try to keep it a pretty quick clip, but still be informative. So, from our records, this concept of a property tax cap in Tennessee was first introduced in late 2023 for the 24th legislative session. Obviously, it has not been in place into effect, but since then each year we've sort of seen a various versions of that bill come and before the legislature. Most recently with the 2026 session, which is now adjourned. Um, so I'm gonna talk about the legislation that was proposed during this last session. It has been removed by its sponsor. Um while we don't know if it's going to come back. I just felt like the reoccurrence of it felt like it was timely to revisit. Our information here talks about two kind of key elements in thinking about a property tax cap in Tennessee is the potential for it impacting a local government's credit rating, as well as just the practical implications of what it would mean. Obviously, we don't want it looks like now, but we can only look back and see what was being proposed. All right, there we go. All right, so this is what was the bill that was being proposed. It has now been removed. It capped the property tax revenue growth at 2% over the previous fiscal years plus inflation. I will note that there was no definition of how inflation would be measured, when it would be measured, and by how, and we recognize that that would be timely and part of the concept. So I don't have any directions. We're gonna actually exclude it from the conversation without further direction from a potential bill. The cap would have applied to total property tax receipts, not your assessed values or the tax base of the community.