Floyd County Supervisors Approve FY23 Budget
FThe Floyd County Board of Supervisors approved the County’s 2022-23 fiscal year budget Monday.
The Supervisors regular meeting was held at a special start time of 4 p.m. in the EOC Training Room of the new Law Enforcement Center. Following a public hearing in which three people addressed the board, the budget was approved with the county property tax rate for all property in the county going up about 11% over the current year’s rate to just over $6.91 per $1000 assessed valuation. Property rates for unincorporated areas of the county mean an additional $3.65 for rural services to bring their total rate to about $10.56 per $1000 assessed valuation, an increase of about 10.5%. Those changes would be effective July 1st.
Prior to approving the budget, Supervisors passed a resolution that will increase the pay of elected officials by about 5% on average, including the positions of County attorney, auditor, treasurer, recorder and sheriff. That represented a pay increase of about 16% less than was recommended by the Compensation Board. The resolution also calls for the supervisors themselves to take no pay raises, holding salaries at just over $40,000.