Horn Lake aldermen appear to be close to approving the city budget for the next fiscal year, starting Oct. 1.
Aldermen recessed their last meeting on Tuesday, Aug. 16 and will continue deliberations on the budget on Tuesday, Aug. 23. At the 6 p.m. meeting, an agenda item will have a public hearing on the proposed budget and tax levy for Fiscal Year 2022-23. The board could then move to approve the budget in another agenda item.
In the resolution, the city is proposing a levy of 50 mills for ad valorem taxes with 39.64755 mills dedicated to the general fund. One mill will go each to the library and fire fund and 8.35245 mills would go to debt service.
Following is the resolution as it is currently written if the board votes approval without changes.
Horn Lake millage resolution proposal Fiscal Year 22-23
A more detailed look at the city budget for the upcoming fiscal year is found on the city’s official website.
Mississippi cities are required by state law to have their budget and millage in place before the fiscal year begins on Oct. 1.
Bob Bakken provides content for DeSoto County News and its social media channels. He is an award-winning broadcaster, along with being a reporter and photographer, and has done sports media relations work with junior and minor league hockey teams. Along with his reports on this website, you will find this veteran media member providing sports updates and high school football play-by-play on Rebel 95.3 FM Radio.
