Knox Co. vets respond to possible cuts to state tax relief program

Following our story yesterday, Rebecca Habegger talked to veterans about the tax relief program that is in possible danger. You can find her story RIGHT HERE.

Essentially, Gov. Bill Haslam is looking to cut funding for the program from $33 million to $29 million at a time when local officials say it actually needs another $5 million to maintain the status quo.

The plan – dubbed the "Property Tax Relief Program" – provides property tax rebates statewide for more than 150,000 disabled veterans and their surviving spouses, and senior citizens who earn $28,270 or less annually.

Under the plan, low-income seniors receive tax relief for the first $25,000 of their assessed property. Veterans who were disabled while serving get relief on the first $175,000 of their assessed property.

Here's our initial story RIGHT HERE.