By Mason W. Canales
Killeen Daily Herald
LAMPASAS - The Lampasas County Commissioners Court lowered the property tax rate by 2 cents and adopted the fiscal year 2011-12 budget Monday.
For the third year, commissioners dropped the property tax rate, said County Auditor Jack Clark.
The county uses three tax rates, which total 57.603 cents per $100 of assessed property value.
The overall tax rate consists of the county maintenance and operations rate of 43.58 cents, the interest and sinking tax rate of 4.879 cents and the road and bridge rate of 9.144 cents.
The tax rates will generate about $4.83 million for the county's general fund and $800,000 for the interest and sinking fund. The road and bridge tax rate will generate an estimated $1.04 million.
With other revenue sources, such as the $565,000 the county estimated in sales tax revenue, the budget is balanced, Clark said.
Revenue for the general fund is about $6.98 million and its expenditures are the same.
Earnings for the road and bridge fund are about $2.23 million, and its costs are the same.
The interest and sinking fund will have revenues of $820,000 and expenditures of $833,000, with money being transferred from remaining bond funds used to build the county annex.
The court also:
Updated the county septic tank rules in the county's subdivision regulations.
Supported the Lampasas Health and Wellness Partnership, which seeks $150,000 in grant funds.
Proclaimed Oct. 3-8 as National 4-H Week.
Contact Mason W. Canales at firstname.lastname@example.org or (254) 501-7474. Follow him on Twitter at KDHCoveeditor.