EUREKA - The county board gave taxpayers a break this past Tuesday as its final stamp of approval was put on the upcoming budget, appropriations and levy.
They approved lowering the general corporate budget by $500,000 and increasing the transfer from the public safety fund by the same amount. The move means the levy for property taxes will generate less money and property owners will pay less, while expenses will be covered by sales tax revenue from the public safety tax instead. According to the board’s finance chair Russ Cotton, the owner of a $150,000 house would save an average of $32 on their tax bill with the move.
"This will keep our operation lean and is the best way to give back to the taxpayers,” board member Richard Hill added.
By the end of this week, the county expects to have just over $489,000 in the pledged reserve fund set up for the public safety tax.
See article on Nov. 30 Woodford County Journal newsstands