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Richardson County budget proposal

By John Nixon

09/03/2024

(KLZA)--Richardson County Commissioners have set a public heairng for Tuesday, September 10 at 6:30 p.m. for a public heairng on the proposed Fiscal Year 2024-25 budget.

A hearing to set the tax levy at a different amount than the previous year has been scheduled for 11 a.m. on Wednesday September 11.

Both hearings will be held in the Commissioners meeting room on the second floor of the Richardson County Courthouse.

The proposed tax requirement for the next budget is $5,687,104 which includes $400 thousand in cash reserves plus $296,567 for the Jail Bond. The total tax asking would amount to $5,984,108 which is an increase of $124,965 or 2.1 percent more than last year.

The total budget of expenditures is 5.4% lower than the current budget at $19,283,248. That is $1,039,261 less than this years expenditures.

The proposed tax levy is down 6.7% to 31.0919 cents per $100 of assessed valuation, representing a decrease of just over two cents per $100 of valuation.

The Richardson County valuation for 2024 is $1,829,263,457, an increase of $154,638,148 representing a a 9.2 percent increase in the county valuation.

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