NOTICE OF TAX INCREASE

The Town of Carrollton will hold a public hearing on its proposed budget for fiscal year ending September 30, 2018 on Monday, September 25, 2017 from 4:00 p.m. to 6:00 p.m. at the Town of Carrollton Town Hall. At this meeting, a proposed ad valorem tax revenue increase in the proposed budget will be considered.

The Town of Carrollton is now operating with projected total budget revenue of $186,430. Thirty-six percent (36%), or $67,200, of such revenue is obtained through ad valorem taxes. For next fiscal year, the proposed budget has total projected revenue of $200,434. Of that amount, thirty-five percent (35%), or $70,200, is proposed to be financed through a total ad valorem tax levy.

For next fiscal year, the Town of Carrollton plans to increase your ad valorem tax millage rate by 2 mills, from 47 mills to 49 mills. One (1) mill of the increase is for street repairs and improvements.

This increase in ad valorem tax revenue means that you will pay more in ad valorem taxes on your home, automobile tag, utilities, business fixtures and equipment, and rental real property.

Any citizen of the Town of Carrollton is invited to attend this public hearing on the proposed ad valorem tax revenue increase in the budget and will be allowed to speak for a reasonable amount of time and offer tangible evidence before the proposed budget is final.