The city of Columbia is proposing a tax rate that will reflect a 4 percent revenue growth for 2012.
The city will hold a public hearing on Friday at 1 p.m. to receive public comments about the tax rate proposal. The 4 percent increase is the highest a local government entity can propose without being subject to a recall.
The 2011 tax rate was .2542 (25.42 cents per $100 assessment), which produced revenue of $439,659. The proposed rate for 2012 is .2625, which will produce revenue of $453,718.
Revenue from new property and personal property at .2625 would generate $88,000.
Friday’s public hearing will be held at city hall at 116 Campbellsville St.
To read more, get this week’s issue of the Adair County Community Voice. Newspapers will be in news racks throughout the county this afternoon and in mailboxes Thursday.
By Sharon Burton
[email protected]
