By Lena Mitchell/NEMS Daily Journal
CORINTH – Alcorn County’s proposed budget for the 2010-2011 fiscal year calls for an increase in the ad valorem tax due primarily to a 3 mill increase in the school tax.
If the budget is approved by supervisors after a Sept. 7 public hearing, county taxes will increase by 2.53 mills from 103.23 mills to 105.76 mills.
Knowing the county school district would be requesting a budget increase to help make up for state funding cuts, supervisors said they cut the general county rate by .47 mills, reducing outside agency requests by $68,000 from what they asked.
This ad valorem tax increase will affect taxes on homes, auto tags, utilities, business fixtures and equipment, as well as rental of real property.
For example, the tax on a house valued at $50,000 would increase by $12.65 a year.
County operations require higher millage in FY 2011 to generate the same amount of money as in FY 2010 because valuations of real property decreased, and the value of a mill decreased by $14,842 in the new budget year.
Though the new county and regional jail is scheduled to open in 2011, the county budget was not affected because those costs were included in the bond issue for jail construction and start-up, board President Gary Ross said.
The public hearing is scheduled for 9 a.m. Sept. 7, in the board room of the chancery building, during which any county resident may comment.
A vote on whether to adopt the proposed budget will be held during the regular board of supervisors meeting that follows at 10 a.m.
Contact Lena Mitchell at (662) 287-9822 or email@example.com.