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                    "The board of supervisors plan to generate almost an additional $4.7 million from property tax next fiscal year.\nThe board has not yet publicly discussed or shared the county\u2019s proposed budget for FY 2027, which begins Oct. 1. Neither board president Marvell Howard, who represents District 3, nor County Administrator Wayne Carpenter would disclose budget details to The Dispatch on Tuesday, but the county has publicly advertised its proposed tax rate and revenue projections.\nCarpenter said the proposed budget will be released prior to the board\u2019s tax and budget public hearing at 8 a.m. Friday in the chancery courthouse.\n\u201cEach year, when we\u2019re doing the preparing of the budget, we have budget requests that we need to get funded,\u201d Howard told The Dispatch. \u201c\u2026 I don\u2019t think the board has actually (sat) down and decided (yet). We sort of leave that up to our comptroller and our county administrator to give us some direction on what has been requested.\u201d\nHoward said the board plans to conduct a full evaluation of the recommended budget during the public hearing.\nTo fund Oktibbeha County\u2019s proposed budget, it is anticipating reducing its property tax rate by about 1 mill to 57.52 mills. However, with property values expected to rise an estimated 25% next year, primarily from a reassessment from the Mississippi Department of Revenue that raised home and commercial values, the county can drop its tax rate and still generate significantly more revenue.\nWhat that would mean for taxpayers on average: the owner of a house now valued at $100,000 will see that value rise to about $125,000 and can expect to pay $132.80 more in county taxes next year with a homestead exemption and $199.20 more without homestead. That does not count any potential increases coming from Starkville-Oktibbeha Consolidated School District or city taxes.\nIn anticipation of this year\u2019s reassessment the county held its property tax rate steady for the last two years, Howard previously told the Dispatch, causing it to supplement its budget with cash reserves. \n\u201c(This fiscal year) we had to supplement revenue to the tune of $1.8 million for the general fund in order to balance the budget,\u201d Carpenter told The Dispatch. \u201c\u2026 That\u2019s going to have to be taken into consideration. You can\u2019t continue to do that in perpetuity, right? At some point our revenues have to coincide closer to our (spending).\u201d \nHoward said he hopes increased revenue driven by reassessment will provide the county with \u201croom to breathe\u201d but he would not specify if the current proposed budget includes replenishing cash reserves. \nCarpenter and Howard both said some of the increase will defray rising costs that have strained the county\u2019s budget over the last two years.\n\u201cI\u2019ve got some significant concerns, you know, cost of materials that\u2019s gone (way up),\u201d Carpenter told The Dispatch. \u201c\u2026 I mean it has wreaked havoc on our budget.\u201d\u00a0 \u00a0\nThe public can provide the board feedback on the budget and mill rate during Friday\u2019s hearing. The board will adopt its budget and property tax rate at 8 a.m. Monday during its meeting in the chancery courthouse.\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\n      \n      \n        Quality, in-depth journalism is essential to a healthy community. The Dispatch brings you the most complete reporting and insightful commentary in the Golden Triangle, but we need your help to continue our efforts. In the past week, our reporters have posted 37 articles to cdispatch.com. Please consider subscribing to our website for only $2.30 per week to help support local journalism and our community.\n      \n    \n\n\t\t\t\n      \n      \n        Quality, in-depth journalism is essential to a healthy community. The Dispatch brings you the most complete reporting and insightful commentary in the Golden Triangle, but we need your help to continue our efforts. In the past week, our reporters have posted 37 articles to cdispatch.com. Please consider subscribing to our website for only $2.30 per week to help support local journalism and our community."
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