Mitchell County Manger Allen Cook released the county’s proposed budget for 2023-24 on Wedneaday afternoon. The proposed budget totals $24,538,302 and meets the projected needs of all county operations, capital improvements and debt service requirements. This budget reflects an 3.26% increase in expenses from the fiscal year 2022-2023 amended budget of $23,761,643. When compared to consumer price index data that indicates approximately 6.5 % nationwide inflation since last year, the projected increase of 3.26% is substantially less than the inflation rate. The proposed 2023-2024 budget is balanced with a tax rate of $0.56 per $100.00 valuation based on the current value of real, personal and vehicle property. This tax rate of $.56 per $100 is the same as last year. The proposed budget is based on a projected tax collection rate of 97.25%. With a basis on realistic revenue assumptions and multi-year expenditure trends, this proposed budget is balanced and prepared in accordance with the Local Government Budget and Fiscal Control Act. The full budget will be on display at the Mitchell County Administration office and a public hearing is scheduled during the 6/5/2023 regular Commission Meeting which starts at 7:00 pm.
More Details on the Budget Here
