MONROE - Green County residents could see a modest drop in county property taxes should the county board approve a proposed 2015 budget in November.
The proposed budget for 2015, brought to the Green County Board by the Finance and Accounting Committee Tuesday, would provide a small decrease in property taxes despite a slight tax levy increase.
The proposed budget is seeking to levy about $14.87 million in taxes, an increase of $54,967 from last year's levy of $14.81 million. The tax rate would decrease slightly from last year's $5.84 per $1,000 of equalized assessed property value to the proposed 2015 tax rate of $5.74. This means a home valued at $100,000 will cost a resident $574 in taxes for county purposes, and a home valued at $150,000 will cost a taxpayer $861.
The budget uses surplus funds and sales tax dollars to reduce the levy by more than $2.37 million. Using sales tax revenue and subtracting surplus funds from the undesignated general fund reduces the required levy of $17.24 million to the proposed $14.87 million.
The budgeted expenditures by department show that Health and Social Services accounts for about 23 percent of the total proposed budget. Health and Social Services was budgeted at $20.97 million last year to the proposed $21.39 million for 2015. The largest part of the HSS budget comes from the Pleasant View Nursing Home, which calls for an expenditure budget of $10.73 million in 2015, up from $10.72 million in 2014.
The highest revenue earning for the proposed 2015 budget comes from state grants and aids at $2.79 million, a decrease from $2.89 million in 2014.
The Green County Board will reconvene Nov. 12 to consider the proposed budget.
The proposed budget for 2015, brought to the Green County Board by the Finance and Accounting Committee Tuesday, would provide a small decrease in property taxes despite a slight tax levy increase.
The proposed budget is seeking to levy about $14.87 million in taxes, an increase of $54,967 from last year's levy of $14.81 million. The tax rate would decrease slightly from last year's $5.84 per $1,000 of equalized assessed property value to the proposed 2015 tax rate of $5.74. This means a home valued at $100,000 will cost a resident $574 in taxes for county purposes, and a home valued at $150,000 will cost a taxpayer $861.
The budget uses surplus funds and sales tax dollars to reduce the levy by more than $2.37 million. Using sales tax revenue and subtracting surplus funds from the undesignated general fund reduces the required levy of $17.24 million to the proposed $14.87 million.
The budgeted expenditures by department show that Health and Social Services accounts for about 23 percent of the total proposed budget. Health and Social Services was budgeted at $20.97 million last year to the proposed $21.39 million for 2015. The largest part of the HSS budget comes from the Pleasant View Nursing Home, which calls for an expenditure budget of $10.73 million in 2015, up from $10.72 million in 2014.
The highest revenue earning for the proposed 2015 budget comes from state grants and aids at $2.79 million, a decrease from $2.89 million in 2014.
The Green County Board will reconvene Nov. 12 to consider the proposed budget.