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Kearns and Sons

County adopts $27.3 million budget

 

By Michael Howell

The County Commissioners have adopted a $27.3 million operational budget for fiscal year 2013-2014. The assessed value for property in the entire county this year is $3,111,742,504. The taxable valuation is $81,040,547. With a tax incremental value of $14,656 that brings the value of a single mill to $81,026. The county budget for the coming fiscal year is equal to 136.133 mills. More than half the county’s revenue comes from sources other than local property taxes.

County CFO Klarysse Murphy told the commissioners last week that the increase in the county’s Reserve Funds was a major accomplishment and the county is on track to meet its self-imposed policy goal of 16% of its operational budget in reserves within the five year time period the policy outlines.

“We have gotten to a place where we are not facing bankruptcy,” said Murphy.

The breakdown of the mills in terms of individual levies is:

LEVY                     MILLS

Aggregate            81.943

Road                     22.011

Entitlement         11.856

Senior Citizens     3.586

Valley Vets            1.029

Health                  12.437

Search & Rescue 1.308

Open Space Bond 1.963

Total                    136.133

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