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Floyd County staff proposes 44 cents per $100 revenue-neutral tax rate as FY 2026 budget highlights presented; public raises concerns over grants, staffing and债

3629265 · May 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Floyd County staff presented a proposed fiscal 2026 budget and recommended a revenue-neutral real estate tax rate of 44 cents per $100 of assessed value during public hearings before the Floyd County Board of Supervisors.

Floyd County staff presented a proposed fiscal 2026 budget and recommended a revenue-neutral real estate tax rate of 44 cents per $100 of assessed value during public hearings before the Floyd County Board of Supervisors.

County presenter Linda Mills outlined budget highlights including a staff-proposed 2.5% cost-of-living increase for employees, a reduction in monthly health-insurance premiums for employees covering families (from about $1,400 to roughly $960), continued funding to keep a school resource officer in every county school after the end of a grant, expanded investment in emergency medical services training and equipment, and a proposal to add one economic-development staff member to increase grant-writing and business support capacity. Mills said, “the new proposed real estate levy is 44¢ per hundred dollars.”

The presentation also explained the local reassessment process that produced large changes in assessed values countywide. Mills gave examples to show how the new rate would affect sample homeowners and said the…

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