Montague County approves budget, tax rate

By BARBARA GREEN
editor@bowienewsonline.com
Montague County Commissioners approved the 2018 tax rate and the 2018-19 budget Monday finalizing its financial direction for the new fiscal year that starts Oct. 1.
After several months of cutting and revising the budget proposal, the court gave it a unanimous yes. Budgeted expenses for the year are $14,032,182 and revenue of $14,245,975.
This budget will be funded through a tax rate of .55 cents per $100 in property value, and while that is the same rate as the prior year it is an increase because it is above the effective rate of .5440 cents. That rate would generate the same tax revenue as the prior year.
That is a one percent increase in the tax rate which is projected to add $6 a year to the tax bill of a house valued at $100,000. The rate breaks down to .3865 cents for the general fund; .1202 for road and bridge; .0005 for Farm-to-Market Right-Of-Way; .0255 for indigent health and .0173 for debt service for a total of .55 cents per $100 in property value.
Looking at the overall budget there were no salary increases, but there was a 3.5 percent increase to health insurance premiums.

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