Open Public Hearing on Proposed Tax Rates for Calendar Year 2016: Mr. Jones opened

Staff Report & Agenda Item Details

Open Public Hearing on Proposed Tax Rates for Calendar Year 2016: Mr. Jones opened the public hearing at 5:32 PM. Mr. Jones recommended to keep the tax rate the same as it was for 2015, which was $0.464262 per $100 of property valuation. This would be the second consecutive year that it would remain the same if approved. The highest the District Board of Supervisors can set it to is $.49 per $100 of property valuation. Mr. Otis Jenkins stated the Board should only increase the rate if it must. Mr. Jones acknowledged that what the Board charged previously covered the District’s expenses, so the rate should stay the same. The public hearing was closed at 5:36 PM. Consideration and Approval of the 2016 Maintenance and Operation Tax Rate: Mr. Daryl Hart motioned to approve the tax rate at a value of $0.464262 per $100 of property valuation, which is the same rate as last year. Mrs. Ross seconded the motion. All members voted in favor and the tax rate was approved. Consideration and Approval of the FY 2015 Annual Financial Audit: Mr. Jim Jansen presented information to the Board regarding the FY 2015 Financial Audit. The District’s debt decreased, which was a positive note. Financials were good this year. The District is unique because it involves two parts: Tax along with Operation and Maintenance. Expenses increased due to a $13,000 pump repair. Cash funds were managed better this year. There were no major plant additions. Mr. Jansen explained that the District is negative

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.3/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.