The
Franklin County Commission gave final approval to its 2019-2020
budget Tuesday night.
The
over 58.6 million dollar budget will take effect on October the 1st.
The
new budget represents about a .75 percent tax increase over the
current budget.
The
amount of the budget that will be paid by local taxpayers is a little
over 12 million dollars which is about 200 thousand dollars more than
last year.
Much
of the local tax increase comes from a 2 percent 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 increased the budgets for several county departments and
constitutional offices.
Under
the new budget, people with a 150 thousand dollar home and a 50
thousand dollar homestead exemption will see their annual taxes
decrease by about 25 dollars in the coming year.
If
you have a 100 thousand dollar home that is homesteaded you’ll pay
about 4 dollars less in taxes.
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