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(Continued from Page 1) nothing on the revenue side to recapture any of that,” Cox noted.
$600,(MM) In Taxes
Reviewing revenue sources. Cox noted than an additional $600,000 over the present year’s total must be generated from real estate taxes to balance the proposed budget. (One cent on the tax rate produces approximately $22,000).
He told the supervisors that the $25,000 in the proposed 19X2-X4 budget will cover just the start of the next reassessment. “It will take at least a like amount in 19X4*5 — $60,000 to $70,000 total.”
In response to a question from the board, clerk Diane Hruce reported that December 21, 19*2, is the deadline for requesting an extension >1 the 19X4 reassessment.
She continued that she’d received “an absolute no” in mswer to a second inquiry
49.7%