The upcoming fiscal year, which begins October 1 for municipalities and counties, and which started July 1 for school districts in the state, has been tough. With costs spiraling higher and higher, many counties, schools and towns have responded with increased millage.
In neighboring Panola County, supervisors approved a four mill increase. Also in neighboring Grenada County, supervisors had a hefty three mill increase coupled with a three mill increase by the Grenada County School District.
So how do did our government officials rate in Yalobusha. County supervisors adopted the 2008-2009 fiscal year budget with a very modest .39 mill increase following a public hearing on Monday. Both school districts in the county requested less mills. Water Valley School District asked for a decrease of 1.72 mills and the Coffeeville School District asked for a decrease of 2.97 mills.
With the schools’ millage decrease, taxpayers in the county will pay less taxes on their home, automobile tags, business fixtures, equipment and rental property. Good job.
Switching gears, Water Valley Aldermen also faced tough choices this year. An already tight budget got even tighter with the approval of ad valorem tax exemptions for the city’s two largest industries.
Aldermen granted the exemption without increasing millage. That took some fine tuning of the numbers in the city budget. Again, good job.
Nobody knows what the future will bring. But for now, residents won’t have to add increased taxes to the ever-increasing cost of living.