Lyon Commissioners to Discuss Proposed Property Tax Increase
Lyon County Manager Jeff Page announced that the Board of County Commissioners will be discussing a proposed property tax increase at the March 7, 2013 Board of Commissioners Meeting in Yerington.
The County Manager explained that the Department of Taxation has distributed preliminary revenue projections for next fiscal year and his office has also received the requested budgets from the various departments. Based on this information, Lyon County is facing a significant shortfall that is approximately $1,000,000 in the General Fund, not including merit increases. This figure will change as the county receives final revenue projections and as he and the Comptroller have budget discussions with the Board and with individual departments to fine-tune the figures.
Property tax revenues are projected to decline by approximately $230,000 in the upcoming fiscal year due to a decline in assessed valuation of 2.08%.
County Manager Page explained that the Board has the ability to raise the County's property tax rate by up to 6.43 cents. If the full amount of the available property tax is levied, the maximum tax revenue increase would be about $768,000. However, due to the 3%/8% property tax cap, this would be reduced by an unknown amount as the calculation would have to be applied on a property by property basis. This potential rate increase would represent anywhere from a 1.8% 2.2% increase to a total property tax bill, depending on where the property was located in the County. On a house estimated to have a fair market value of $100,000, the full amount of a tax increase would be $23 per year.
County Manager Page expressed concern with continued downward cycle of revenues and the associated reductions in staff and service. Since 2008 the County has eliminated 25% of their workforce which has resulted in a reduction of services to the citizens of Lyon County.
Additional cuts to services could result in diminished hours for some departments or complete elimination of some non mandated services.
Page has met with all the elected and appointed department heads today to discuss developing budget recommendations to the Board of Commissioners. He also asked all department heads investigate their respective budgets to determine if there are any one time items that could be removed this year or that could be paid for with one time revenues.
Page explained that the average wage + benefits for an employee is approximately $70,000.00 and that it could take the reduction of an additional 14.3 employees in the general fund to fill the million dollar void.
Both the Lyon County Sheriff's Employees Association and the Lyon County Employees Association have given concessions to reduce the impacts of budget reductions in past years and the County and both collective bargaining units are in negotiations at this time.
Tuesday, June 18 2013 12:40 AM EDT2013-06-18 04:40:59 GMT
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