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all supported the school budget as submitted. Reaction to the sparse attendance was split between those who thought it would be viewed as no opposition to a tax increase for education and those who worried that it would be judged as lack of support for the proposed school budget.)
In his budget message, Mr. Cox notes that the budget is based on an estimated $241,000,000 assessed valuation of locally taxable property, an increase of 12 percent over the current year. Relying solely on revenues to be generated in the coming fiscal year, a tax rate of 88 cents per $100 assessed valuation would be required to meet contemplated expenditures, the accountant reports. But by drawing $464,228 from the accumulated balance of the county’s general fund, that rate may be dropped to 69 cents. That draw will leave $285,772 in the general fund, come July 1,1988, Mr. Cox projects. The figure represents a decrease of about three percent in the $2%,802 expected general fund balance at the close of the current fiscal year.
On the plus side, Mr. Cox estimates that state revenue will go up 28 percent to $807,635, the bulk coming in welfare programs (44 percent increase in state aid)
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90.2%