11/4/1981 (2) - Laserfiche WebLink

Home Browse Search

r NOV 4 1981 BOAK 48 PAGE ioB Chairman Lyons noted that the Property Appraiser is a separate elected official, and the public has the right of appeal if they do not agree with their assessment. Finance Officer Barton continued that the budget for the General Fund for 1981-82 is $7,926,578 while a year ago, it was $7,358,533. Last year 59.94% was funded with ad valorem taxes, and this year, 65.8% will be funded by ad valorem taxes because of the state and federal sources of funding we have lost. Mr. Barton then noted that the T.R.I.M. notice that was sent to the general population for the General Fund was asking for $5,361,000 in taxes, and now the budget has been cut down to $5,216,000. The Notice sent was at a millage rate of 2.6877 or $2.69 per thousand of taxable value. We are now at the point of 2.615 mills per thousand; last year it was 2.72. William Koolage noted that the $400,000 loss in Racetrack Funds actually was not a loss, but a reapplication of those monies to take care of funding the renovation of the County Administrative Complex. If these funds hadn't been used in that manner, taxes could have been reduced by that amount. It was agreed that we did not lose these funds, but their use has been obligated to the year 2001. The Finance Officer explained that there was very serious talk on the . state level in regard to taking away these funds; now that they are obligated, if they were to be taken away, the State would have to pay the bonds. It was further noted that the State used to fund the counties for their loss from the Homestead Exemption, but they no longer do this. Also, an analysis was done, and it was determined there was a need for additional space since we were renting space all over town to take care of many offices, i.e, Public Defender, State's Attorney, etc., and, therefore, the decision was made to'take over the old hospital complex. 7