By REGGIE ROSS
Officials with the City of Grenada and the Grenada County Board of Supervisors have announced that they will not seek a millage increase for the next fiscal year.
For the first time in three years, the City of Grenada will not increase the ad valorem millage rate for the next fiscal year.
The Grenada County Board Supervisors has not raised taxes in six years.
The city will hold a public hearing on Sept. 6 for its proposed budget and proposed tax levies for the fiscal year ending September 2019.
The public hearing is scheduled to take place at City Hall starting at 6 p.m.
For the next fiscal year, the proposed budget has a total projected revenue of $13,484,066. Of that amount, $6,631,366 or 49 percent is proposed to be financed through a total ad valorem tax levy.
The Grenada County Board of Supervisors have also set a date for their public hearing scheduled for Sept. 4 at the Grenada County Courthouse.
According to a public notice that ran in the GrenadaStar, the county plans not to increase the ad valorem tax millage, which will remain at 98.82.
The Grenada Count Board of Supervisors has a proposed budget of $14,285,004 and of that amount, $8.995,050 or 62.97 percent will be financed through a total ad valorem tax levy.
The county is currently operating with a projected total budget revenue of $15,851,355 and of that amount $8.5 million or 53.84 percent is obtained through ad valorem taxes.
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