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By the top of the month, Corridor County will doubtless undertake a balanced finances of $411 million – an 8% enhance – and probably decrease tax charges for fiscal yr 2024.
Finance Director Wes Geddings offered a present draft of the proposed finances to commissioners at a public listening to Thursday. Prime expenditures are public security within the quantity of $61 million (45% of the overall fund finances) and normal authorities operations, which amounted to $37 million (27%).
Whereas public security noticed a 7% enhance from final yr, normal authorities expenditures dipped by about 3%.
Capital expenditures within the quantity of $118 million account for 30 miles of street resurfacing, gear and automobiles, development, renovations, Fireplace Station 17, well being division development and sewer system wants.
Major sources of county income within the proposed finances embody property taxes at $67 million and different taxes, which got here out at $41.5 million.
The present draft of the finances additionally contains an anticipated $13.4 million in American Rescue Plan Act funding, based on county officers.
Geddings informed commissioners the “proposed millage fee doesn’t lead to a property tax enhance as outlined by state regulation.”
The proposed millage fee for normal operations and upkeep is predicted to be 3.440 mills, a full rollback fee from 4.14.
One mill is the same as $1 per $1,000 in property worth, and Corridor County taxes property at 40% of its worth.
The general unincorporated millage fee for Corridor County authorities, composed of millage charges for fireplace companies, emergency companies, developmental companies and parks and leisure could be 8.030.
“We’ve strengthened our monetary place over the previous couple of years, which is a testomony to (commissioners’) dedication to robust finance stewardship” Geddings mentioned. “The board and county administration has invested the time and the vitality in articulating these objectives by our strategic planning and visioning for the way forward for Corridor County.”
Each the present draft of the finances and proposed millage charges are scheduled for approval by commissioners on the Corridor County Authorities Middle Wednesday, June 21, at 6 p.m.
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