County budget approved with increased tax rate
The county portion of Marshall County residents’ tax bill will have an increase levy rate of 20 cents after the 2014-15 budget was approved by the board of supervisors Tuesday.
The levy rate per $1,000 taxable valuation will move from $10.12 to $10.36.
Dave Thompson, chair of the supervisors, said commercial property tax reform and lower property valuations in the county have led to a tighter county budget.
“The budget was very challenging this year,” Thompson said. “We have instructed everybody to be very judicious in our spending this year.”
In other action, the supervisors approved to move forward with borrowing at most $1.25 million to pay for several county projects including work at the courthouse, jail and new county vehicles. Thompson said they haven’t borrowed money in three years and this makes fiscal sense to spread out the cost of the projects.
“The borrowing we are doing is short term,” Thompson said. “It will be for three years.”
Thompson said the type of loan route they go for these projects will be determined after construction bids on the projects are considered.
Public hearings for both the budget and the loans were held at the meeting Tuesday with no public comment received during the hearings.