I had a layer that initially had a very large extent (moved from one of the Local Government templates) and even though the extent of all of the features is much smaller now, when you select zoom to layer in the Table of Contents, it zooms to the that massive extent still. All of the existing features are within the smaller extent. When you select all features and click Zoom To Selected the smaller extent also applies. Is there a way to adjust the extent of a feature to match the extent of the features? Under the Source tab the larger extent is also present.
Should be closer to: