The
Franklin County Commission gave final approval to its 2017-2018
budget Tuesday night.
The
52.3 million dollar budget will take effect on October the 1st.
The
new budget represents about a 2 and a half percent tax increase over
the current budget.
The
amount that will be paid by local taxpayers is a little over 11.6
million dollars which is about a half million dollars more than last
year.
Much
of the local tax increase comes from an across the board cost of
living increase for county workers as well as increases in the cost
of health insurance and in payments to the Florida retirement system.
The
county also needs additional money to take over the transfer station
at the county landfill, which it will have to do in early 2018.
Under
the new budget, people with a 150 thousand dollar home and a 50
thousand dollar homestead exemption will see their annual taxes
increase by about 20 dollars in the coming year.
If
you have a 100 thousand dollar home that is homesteaded you’ll pay
about 13 dollars more in taxes.
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