Columbus approves new budget with no increases
Published 3:00 pm Tuesday, June 25, 2013
Columbus residents will have the same rates and services for the new fiscal year, which begins on Monday, July 1.
Columbus Town Council met Thursday, June 20 and approved its new budget, which includes no increases in tax rate, water, sewer or sanitation rates.
Council also approved a new fee schedule for next fiscal year, which also includes no rate increases, although the fee schedule can be changed at any time.
The town’s tax rate will remain at 40 cents per $100 of property valuation, of which five cents is dedicated to the town’s fire tax.
Columbus’ tax rate is based on its total assessed property valuation of $122,539,853 as provided by the Polk County Tax Assessor. The town expects to receive $18,820 in vehicle tax revenue next year and $456,830 in real property tax revenue based on the tax rate.
The town’s general fund budget for next year at 1,022,090 is slightly higher than this year’s (2012-2013) budget, which was approved at $924,445.