The Cannon County Budget Committee is ready to make a recommendation to the full Cannon County Commission on the 2016-2017 Cannon County Budget during their regular monthly meeting Saturday at 10 a.m. in the courtroom of the Cannon County Courthouse.
The committee voted in to increase property tax seven cents in order to fund this year’s budget. That would mean the tax rate would go from $2.68 to $2.75 on each $100 of taxable property. With the property tax rate going up and other estimated revenues, Cannon County will have approximately an estimated $4,875,798.00 of revenue at the end of the 2016-2017 fiscal year. Take away the estimated expenditures and Cannon is estimated to have a fund balance of $269,766.00 which is less than the estimated fund balance of this fiscal year. The Commissioners will vote on the recommendation during the meeting. Other items on the agenda is Commissioner Russell Reed will discuss parking and blocking of roadway on Auburntown Bridge.
