After last night’s meeting The Cannon County Budget Committee is ready to make a recommendation to the Full Cannon County Commission during their August 14th meeting. Taxpayers should be satisified as there is no increase in property taxes needed to fund the budget. County employees will be happy as they will receive a three percent raise which is the first raise in five years. The Cannon County School System may not be too happy after four cents was taken from their share of the property tax. The Cannon County Sheriff’s Department however will get the opportunity to purchase five new patrol cars through Capital Outlay Notes if the Commission approves the budget for the new fiscal year. The Ambulance Service and Reach Program gets their own stand alone budget. The breakdown of the $2.44 property tax rate shows four cents in debt service, 86 and a half cents for the Schools, Solid Waste has 18 cents and the ambulance service starting off at 19 cents in their first budget outside the county general fund. This leaves $1.16 for the County General Fund. The budget is based on $4 million dollars of estimated revenues at the end of the 2012-2013 fiscal year. Estimated expenditures total $4,402,999.00 leaving an estimated ending fund balance June 30th of next year of $125,188.00.
