Moore County News

Follow Us On:

Budget at heart of Monday’s Metro Moore County Council meeting

Posted on Friday, May 17, 2013 at 10:00 am

The Metro Moore County Council will convene in a regular meeting on Monday.

On the agenda is the 2013-14 budget, which includes a proposed property tax increase of  $.10 (per $100 of taxable property based on the most recent appraisal.).

Monday the committee will hear the first reading of the budget. The five-member budget committee finally voted in favor of the tax hike after two failed votes.

According to Moore County Director of Schools Chad Moorehead, the money is needed in order to help offset a deficit that ranges between $400,000 and $500,000.

At a budget committee meeting earlier this month, Moorehead asked the committee to approve $.20 tax increase. It did not pass. Moorehead said the current increase of $.10, only meets half of the school system’s needs.

Other business on Monday night includes a vote on an approval to increase litigation tax for general sessions court, and a vote to approve a refinancing of the bank note on the school wall at Lynchburg Elementary School. The new note would have a decrease in interest from 3.92 percent to 2.62 percent, potentially saving the county thousands of dollars.