Plan highlights
- Property taxes will increase by 2.5 mills starting in 2013 and continue at that rate through at least 2015.
- A $5.1 million bond will be sought immediately to give the county money to cover expenses in 2012. The loan will be paid back over 10 years using revenue generated from approximately 1 mill of the tax increase, depending on the interest rate.
- The other 1.5 mills would go toward general operating expenses, including payroll.
- Another tax increase may be needed starting in 2016.
- Another bond, totalling $12 million, will be sought this year to make mandated upgrades to the 911 system, unless the county can obtain grants or buy more time from the federal government. Borrowing the $12 million would increase the 2.5 mill tax hike by 1.75, to 4.25 mills.
