The ruling is dated July 1.
Quoted verbatim, the chancellor’s decision reads, “The court holds the City did not have to share any property taxes with the County until such time as the County passed its own Referendum. At that point in time, pursuant to statute, the City was allowed to collect its own sales tax through that current fiscal year which ended June 30, 2010. After that appointed time and absent any agreement between the parties, the statute sets the basis for which the sales tax is to be divided.”
Detailed coverage of the chancellor’s ruling, with reactions from local government leaders, will be published in Thursday’s edition of the Banner.