As the economic fallout from the coronavirus pandemic continues, Johnson County Commissioners have begun to cast a wary eye toward what may be in store for the next year’s budget.
The county budget, which surpassed $1 billion two years ago, has been bobbing along in recent years, buoyed by steady increases in property values and low unemployment. But the rosy outlook has fallen into question the past year as officials have grappled with a possible major loss of commercial property value due to challenges to the way it was appraised, nicknamed the “dark store theory.” Last year they also puzzled over lagging sales tax returns.
(Read more: Shawnee Mission Post)
