(KLZA)-- Following public hearings on the proposed budget and tax levy Tuesday, drawing no input from the public, Richardson County Commissioners approved the budget for the next fiscal year.
The budget was approved as presented with an eight percent decrease from fiscal year 2016-17. The total budget of expenditures was set at $13,235,965. That is one-and-a-quarter million dollars less than last year.
The property tax requirement will be 34.02-cents per $100 of assessed valuation, which includes 2.65-cents for the jail bonds. The new levy is nearly four cents less than last year.
The property tax requirement is $4,639,711, which includes $300,000 for cash reserves. The jail bond is $393,000, brining the total tax asking to just over $5,032,000. That is a 1.1 percent decrease.
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