The
Franklin County Commission has given tentative approval to next
year’s budget and local taxpayers are looking at about a two and a
half percent tax increase.
The
52.3 million dollar budget received tentative approval on Monday
afternoon during the county’s first public budget hearing.
The
total budget is about 1.9 million dollars than 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, which totals about 214 thousand
dollars.
Increases
in the cost of health insurance totalled about 162 thousand dollars,
and a required increase in payments to the Florida retirement service
added another 46 thousand dollars to the total.
The
county will also have to take over the transfer station at the local
landfill in the coming year which increases the county's expense for
solid waste.
Under
the proposed 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.
There
is one more public hearing before the budget takes effect on October
1st.
That
hearing will be held on September the 19th
at 5:15.
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