The Hamlet Town Council reviewed its 2019 budget proposal last week. It calls for a total budget of just over $467,000. About $323,000 of that would be the town’s General Fund. The Motor Vehicle Highway Fund would be budgeted at $58,200, while the Park budget would be $11,900. Clerk-Treasurer Kristina Pitts noted that there are no major changes from the 2018 budget.
Knox Council Updates How It Compensates for Circuit Breaker Tax Credit
The Knox City Council had to change the way it compensates for the circuit breaker tax credit in the city’s budget.
Knox Council Approves Required Budget Reductions
The Knox City Council has approved some budget reductions to compensate for the circuit breaker credit. Continue reading
Knox Park Board Faces Significant Budget Cuts
The circuit breaker, which caps the percentage of property taxes local governments can collect, has resulted in a significant cut to the Knox Park Board’s budget. President Ray Stevenson says the state slashed it by $12,473.18, which is a cut of 10 to 12 percent. Sevenson says the park board cannot cut money from maintenance to make up the difference. He says they will need to look closely at the equipment budget and possibly reduce the amount of playground equipment they were planning to purchase this year.
Does Oregon-Davis’ Levy Request Effect the County Through Circuit Breaker?
Why is the Circuit Breaker so important to every property owner in Starke County?
The Circuit Breaker is part of a property tax relief measure offered to various types of property. Spending in one area of government, when it trips the Circuit Breaker, means spending must be reduced somewhere else.
