By REGGIE ROSS
More money will be coming out of the taxpayers’ pocketbooks as the Grenada City Council voted to adopt the FY 2018 budget of $12.8 million.
At their regular scheduled meeting Monday, the vote was 4-2 on what some officials call “a pretty straight forward budget.”
Ward Two City Councilman Fredreick “Pete” Wilson made the motion to adopt the budget and Ward Five Councilman Joshua Hughes seconded the motion. Ward Three Councilman Lewis Johnson and Ward Four Councilman Ernest Hargrove also voted in favor of its adoption.
Ward One Councilman Warren Cox and Ward Six Councilman Larry Vance voted against.
Ward Seven Councilman Ronnie Merriman was absent from the meeting.
For the next fiscal year, beginning Oct. 1, 2017, and ending Set. 30, 2018, the city increased the ad valorem tax millage rate by four mills from 57.19 to 61.19 mills.
This is the third city tax increase in three years. It will be compounded this year by the periodic county-wide real estate re-appraisals.
The city is now operating with a projected total budget revenue of $12,653,704, and for the next fiscal year, the proposed budget has total projected revenue of $12,785,960.
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