Commissioners OK 12-Cent Rise In Property Tax Rate
Friday, September 16, 2011 2:34 am
The Appropriations for the 2011-2012 Cannon County Budget were approved via a 7-3 vote in a special called session of the Cannon County Board Of Commissioners Thursday night at the Cannon County Courthouse.
With the total estimated revenues for the 2011-2012 Fiscal Year being at $5,002,857 and the estimated expenditures for the county totalling $5,353,096. the county will dip into its fund balance and leave it estimated at the end of the current fiscal year $258,803.
Voting to approve the appropriations were Mark Barker, who also made the motion to approve. Clint Higgins who also seconded the motion, Jimmy Mingle, Todd Hollandsworth, Kevin George, Tony Neal, and Kevin Mooneyham also voted to approve.
Voting against approval were Commissioners Russell Reed, Jim Bush and Bob Stoetzel.
Raising the Property Tax Rate by 12 cents to help fund the budget was approved also in a 7-3 vote.
The tax rate going into this fiscal year was $2.32. The new tax rate will now be $2.44 on each $100.00 of taxable property.
General Fund will receive $1.33.
Solid Waste/Sanitation $.18.
General Purpose School Fund was raised 1 cent yot $.90 1/2.
General Debt Service 0.020
Jimmy Mingle made the motion to approve and Clint Higgins seconded the motion. Also voting to approve were Todd Hoillandsworth, Kevin George, Tony Neal and Kevin Mooneyham. Voting against approval were Commissioners Russell Reed, Jim Bush and Bob Stoetzel.