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Pratt County officials review budget as assessed value drop forces higher levy to hold revenue neutral
Summary
County staff presented an amended FY2026 budget showing a sharp drop in assessed value that raised the revenue-neutral mill rate by 2.336 mills; commissioners discussed cash reserves and options to avoid drawing down fund balances.
Pratt County commissioners and staff on Wednesday reviewed an amended fiscal 2026 budget after a substantial assessed-value decline required raising the mill levy to hold revenue neutral.
County financial staff member Scott said the county’s revenue-neutral rate is 66.19 mills, up from last year’s 63.854 — a 2.336-mill increase driven by a $6,000,582 drop in assessed value. “The revenue neutral rate is 66.19,” Scott said while stepping through fund-by-fund spreadsheets, “and last year's was 63.854. And those…
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