County leaders to start budget process
Grayson County Judge Bill Magers recently announced that the county was starting its planning for the fiscal year 2021 budget. The county’s budget season generally starts in late summer and extends into the fall with a new budget year starting in October.
In 2020, so far, the county has cut more than $1 million out of its budget for 2020 based on a decrease in revenue from things like taxes and fees during the COVID-19 Pandemic. Magers said the cuts came mostly from capital expenses that didn't have to be made this year.
During last week's commissioners meeting, Magers said he is just now beginning the process for the new budget and asked that department heads and elected officials keep the budget process in mind.
The 2020 budget was built on a tax rate of .416429 per $100 valuation. That means a homeowner whose home is worth $100,000 saw a tax decrease of about $23.94.
That was the fifth year that the county leaders cut the tax rate for county taxpayers.
Once county commissioners hear from all of the department heads and elected officials about their budget requests, commissioners generally hold a work session to go through the requests. Then they generally take a vote on what stays in the budget and what must be cut.
Commissioners then hold a number of public hearings on the proposed budget and tax rate before setting the items in place in October.
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