Grayson County commissioners Tuesday approved the 2014 fiscal year budget and the tax rate to support it. Commissioners also extended the county’s burn ban.
The tax rate of .4909 cents per $100 valuation that Grayson County Auditor Richey Rivers presented the Court Tuesday is the same one the county has adopted for the past 12 years.
However, it will not raise the same amount of revenue in the new fiscal year as it did in the last one.
“This budget will raise more revenue from property taxes than last year’s budget by an amount of $797,915 which is a 2.48 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $519,144,” Rivers told the Court.
He then pointed out that the county’s main operations fund, the general fund “is completely balanced.” He said the county is actually projected to bring in around $14,000 more than it will spend in the new budget.
“We are in good fiscal shape,” Rivers said.
I would just like to say thanks to Richey you did a lot of hard work again this year,” Grayson County Judge Drue Bynum said.
Bynum also thanked the commissioners for their work on balancing the county’s bottom line.
“I just don’t want people to get freaked out that the Commissioners Court of Grayson County has raised the set tax rate of the county, we have not,” Bynum said about the fact that the adopted tax rate of .4909 is above the effective tax rate by 2.16 percent. The effective tax rate is the amount of tax it would take to produce the same amount of revenue as last year’s tax rate.
Commissioners then approved a request by Grayson County Fire Marshal Kevin Walton to extend the burn ban in the county. The ban does not prevent people from cooking outdoors.
Commissioners also approved a request by Grayson County Tax Assessor Collector Bruce Stidham to hold a sale of property on which the county is owed taxes. The sale will be held at 1 p.m. on Oct. 15 at the county courthouse. Grayson County Commissioner David Whitlock will conduct the auction. There are currently 18 pieces of property set to be auctioned off, but Stidham said that number could change before the auction.