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New Richardson County Budget Approved

By John Nixon

09/23/2016

(KLZA)-- Richardson County Commissioners this week adopted a budget for the next fiscal year of just under $14.4-million with a property tax requirement of 34.4 cents per $100 of assessed valuation. This figure includes a nearly 3-cent levy for the Jail Bond fund.

The total budget of expenditures is down more than $2.3-million, a decrease of 16.4 percent. Costs for the new jail project were included in the previous budget of expenditures.

The total property tax requirement is nearly $5.1-million, an increase from $4.97-million last year. That is a 2.3 percent increase.

The total levy is a fraction under last years levy, but a property valuation increase of $45.6-million will allow an additional $114,000 in property taxes to be collected.

During the annual budget hearing Tuesday, Larry Rexroth from Humboldt protested the payment to Falls City Economic Development and Growth Enterprise for the funding to private economic development corporations.

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