Funds for a courthouse expansion are included in the proposed 2008-09 budget for Boone County.
The budget summary, published in this week’s Albion News, includes $257,500 in property taxes to finance bonds for the courthouse addition project. There is also a new budget line item, the County Building Fund, that includes $22,942 in property tax revenue.
With 17.9 percent growth in the county valuation this year, the new budget includes a slight reduction in the property tax rate while still increasing total property tax revenues by $383,598 or 15.29 percent as compared to last year.
The total property tax rate (county levy) would decline from .362405 last year to .354407 per $100 of assessed value under the new budget.
Read the Albion News Print Edition for complete details.