May 24, 2016
Last night the BOC passed the FY17 budget and agreed (3-2 with Luke and Henry voting against) to a 16.446 mil rate, with the bottom line figure of the budget unknown. There was so much talk and double talk, no one could tell what the budget bottom line was and how much Fund Balance will be used to balance the budget.
The BOC allowed NO PUBLIC INPUT during the entire budget process and work sessions.
This is the 3rd year in a row this BOC has used Fund Balance instead of cutting the budget to balance revenues with expenditures.
It will take us a few days to get the actual totals from the county manager and to get the videos uploaded. However, with a mil rate of 16.446, expect to pay higher property taxes if your values went up.
Year Last year. This year
FMV. $100,000. $112,000. (12% increase)
40% assessed value. $40,000. $44,800
Mil rate. 17.446. 16.446
County Tax. $698. $737
Mil rate including County, School, & Hospital
Total 37.436. 35.936
Tax. $1497. $1610
The School Board cut their millage from 18.99 to 18.49 (1/2 mil); the hospital still gets 1 mil of tax. If you live in the City, this does not include the City millage rate. Our taxes will be higher because our elected officials can not find anywhere to cut the budget, or so they say.