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Public Notice - Notice of tax revenue increase - 9/5/2013

The Franklin County General Fund conducted a public hearing on August 26, 2013 and will conduct a second hearing on September 9, 2013 (10 a.m. in Courtroom of the West Courthouse Annex on Hwy. 37) on a proposal to increase the total tax revenues

of the Franklin County General Fund from properties on the tax roll in the preceding year by 2.81 percent.
The total tax revenue proposed to be raised last year at last year’s tax rate of $0.470000 for each $100 of taxable value was $4,395,520.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.437419 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $4,496,788.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.437419 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $4,540,503.
The Franklin County Commissioner’s Court of Franklin County General Fund is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 16, 2013 at 502 E Main (East Courthouse Annex), Mount Vernon, TX 75457 at 9:00 a.m.