Supervisors Adopt Budget For 08-09

COFFEEVILLE – Yalobusha Supervisors adopted a budget for the 2008-2009 fiscal year Monday morning following a public hearing in at the Coffeeville Courthouse.

    The county’s new budget, which begins October 1, has a  slight millage increase in the county’s general fund, .39 mills, which will be offset by a decrease in millage requested by both school districts in the county. The school millage was lowered for property situated in the Water Valley School District from 42.68 to 40.96, or  1.72 mills. The school millage was decreased for property assessed in the Coffeeville School District from 40.4 mills to 37.43, or 2.97 mills.

    The general fund assessment was set at 53.76 mills, and the .39 mill increase was attributed to a 20 percent budget increase for utility costs and $100 monthly pay raises for county employees, Chancery Clerk Amy McMinn told supervisors Monday.

    Other changes in the tax levy include a 1.90 mill assessment for repayment of payment and interest of a District Three road note, which will not be levied in the coming fiscal year after the 1992 bond was repaid earlier this year.  

    Items in the upcoming fiscal year budget that mirrored this year’s budget include a 1 mill assessment for reappraisal escrow and a 2.76 mill assessment for reappraisal maintenance, 1.09 mills for the general support and maintenance of Northwest Mississippi Junior College, 1 mill for capital improvement at Northwest Mississippi Junior College, 9.20 mills for bridge maintenance and construction, 4.65 mills for road maintenance and construction, 3.07 mills for fire protection, and 1.85 assessment for a principal and interest payment on a hospital bond.