County millage has interesting history
called the rollback rate, the 10.9 rate would obviously be higher than the current 9.73 rate.
However, the 10.9 rate is the rate necessary to bring the county the same amount of property tax revenue as it collected the year before. Property tax revenue in this past fiscal year was projected to be nearly $27.7 million, around 57 percent of the budget.
If the board adopts anything other than the 9.73 rate, it will be the first change to the millage rate since the FY2001 budget year.
However, examining millage rates from the last 30 years reveals that the millage rate was actually changed every year from FY1981 to FY2000. In some years the fluctua- tions were fairly minor and in others fairly substantial. To see the historical millage rates, visit CovNews.com.
Former Executive Assistant Brian Allen, who served from 1986 to 1995, said the county millage rate changed every year because the county simply attempted