Budget Update
Published April 29, 2010
At the direction of Williamson County Government, the Williamson County Board of Education amended its proposed 2010-2011 budgets to cover increasing medical insurance costs during its regular meeting April 19. The new appropriation request for the General Purpose Budget is now $221,646,613; the Central Cafeteria Fund is now $9,161,179; and the Extended School Program Fund is $1,081,526.
This amendment to the budget equates to an additional three cents that will be needed, increasing the request from 15 to 18 cents or $10.8 million. New information breaking down what it means to a Williamson County family is reflected below.
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What does a Penny Bring in and What does it mean to a Taxpayer? |
|
2010-2011 |
Penny |
$611,621 |
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|
House Value |
Assumption | $250,000 | $400,000 | $600,000 | $1,000,000 |
| Taxed at | 0.25 | 0.25 | 0.25 | 0.25 | |
| Taxable Value | 62,500 | 100,000 | 150,000 | 250,000 | |
|
Current |
Tax Rate for Schools | 0.0120 | 0.0120 | 0.0120 | 0.0120 |
|
Your Tax |
Current portion of tax rate provides schools | $750 | $1,200 | $1,800 | $3,000 |
|
Increase |
0.18 | 0.0138 | 0.0138 | 0.0138 | 0.0138 |
|
Proposed |
New Tax | $862.5 | $1,380 | $2,070 | $3,450 |
|
$ |
Your Increase | $113 | $180 | $270 | $450 |
|
$ |
What it means to you Monthly | $9.38 | $15 | $22.50 | $37.50 |
| What would it mean to you as a family? | Would have to cut out | Family of 2 - one trip per month to a fast food drive through - dollar menu | Lunch with a friend - Dutch Treat | Family of 2 one movie outing - NO SNACKS | Dinner for 4 - with BOGO coupon! |
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In an effort to help the Williamson County community better understand the budget and the budget process, IN FOCUS has launched a new feature called FISCAL FACTS. The purpose of this section is to answer any questions you might have, or rumors you may have heard, regarding the 2010-2011 budget. |