Last updateTue, 17 Jul 2018 4pm

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Water district sets tax rate

The Franklin County Water District’s Board of Directors set the 2017 ad valorem tax rate at $.02503 per $100 of taxable valuations, which should yield $296,930 at 98 percent collection.

That would fund the requirement to pay the $296,925 in principal and interest on the district’s bond debt for the 2018 fiscal year. For more from the FCWD board meeting, see the Aug. 24 edition of the Optic-Herald.