In a meeting which took around 45 minutes, the Cannon County Commissioners approved both the appropriation recommendations and the recommendations of the Cannon County Budget Committee of funding the budget. The special called session of the Cannon County Commissioners was called to order Thursday and remained in order throughout the meeting. First the appropriations were reviewed. The total estimated revenues for the 2011-2012 Fiscal year are $5,002,857.00 with the estimated expenditures for the county totalling $5,353,096.00. The county is expected to dip into their fund balance leaving it with an estimated $258,803.00 at the end of the fiscal year.
Commissioner Mark Barker made the motion to approve the recommendations, Commissioner Clint Higgins Seconded the motion. Commissioners Jimmy Mingle, Todd Hollandsworth, Kevin George, Tony Neal and Kevin Mooneyham voted to approve. Voting against the approval were Commissioners Russell Reed, Jim Bush and Bob Stoetzel. By a vote of 7 to 3 the motion passed. The next item on the agenda was to approve the tax levy resolution. In order to fund the budget and leave the fund balance with the estimated $258,000, the Cannon County Budget Committee made a recommendation of raising the property tax rate from $2.32 to $2.44 on each $100.00 of taxable property.
The General Fund will recieve $1.33 with the solid waste getting 18 cents. The general purpose school fund was raised a cent to $.90 and a half cents with the general debt service getting 2 cents. Commissioner Jimmy Mingle made the motion to approve and Clint Higgins seconded the motion. Also voting to approve were commissioners Todd Hollandsworth, Kevin George, Tony Neal and Kevin Mooneyham. Voting against approval were Commissioners Russell Reed, Jim Bush and Bob Stoetzel. The motion passed 7 to 3
