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Richardson County budget proposal includes increase in tax asking

By John Nixon

08/26/2022

(KLZA)-- Richardson County Commissioners continued their review of the proposed Fiscal Year 2022-23 budgets when they met Tuesday.

Commissioners did approve accessing the additional one percent budget authority as allowed by state statute.

The preliminary budget proposal includes a total budget of expenditures of $21,816,874 which includes ARPA funds and Inheritance tax. That would be an increase of nearly $3.9 million or 21.7 percent.

If approved as proposed, the property tax requirement would be $5,407,280 including $400 thousand in cash reserves plus the Jail Bond of $302,635 for a total property tax requirement of $5,709,915 or a 15.85 percent increase totaling an additional $781,202 above the 2021 total.

The proposed levy would increase 12.6 percent to 37.08 cents per $100 of assessed valuation. The increase would be 4.16 cents per $100 of assessed valuation.

Commissioners are scheduled to complete their review of the budget proposal during their August 30th meeting.

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