By BARBARA GREEN
A proposed 2016-17 Montague County budget projecting a shortfall of more than $110,000 was approved by the commissioner’s court Monday as members got their first look at budget requests and possible revenues.
County Judge Rick Lewis emphasized these numbers are preliminary not based on certified property values, but he wants to get an early start because he anticipates it will be difficult to hammer out a document the court and county can live with for the next fiscal year.
Final property values used to establish the tax revenue base will not be available until the end of July. In April’s preliminary property values the county lost $476,454,200 in values.
The decline can all be attributed to mineral property. Real and personal property increased 6.22 percent, but mineral property dropped 46.84 percent.
Read the full story in the weekend News.