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FCH sets tax rate

Faith Community Hospital approved its tax rate for the fourth straight year as part of a special meeting Friday afternoon.

The tax rate remained at 31.5 cents per $100 valuation. Chief Executive Officer Frank Beaman said the rate was 31.27 in 2017 which raised $4,282 million. The rate went to 31.50 in 2018 and 2019 where it raised $4,012,165. This year’s rate will raise $3,947,518.

Jboro council adopts budget, tax rate

With a six cent drop in tax rate due to less debt, Jacksboro city officials adopted both the Fiscal Year 2020-21 tax rate and budget as part of the Aug. 24 regular meeting.

The tax rate will drop from $1.20 to $1.14 per $100 valuation which will bring in $144,356 more than last year. City Manager Mike Smith said the city is in a unique position of retiring $200,000 in debt.

“As debt goes down, the monies that were going to be used for debt can actually go into the maintenance and operation or general fund budget,” Smith explained.

Library looks to City for more funding

While appreciating the $5,000 donation in the Gladys Ritchie Library budget by the City of Jacksboro, Director Lanora Joslin was hoping and asking for a little more in this budget cycle.

The $5,000 donated won’t even pay for a month of programming and budget, Joslin explained. A month of operations now runs between $6,000 and $7,000, the council was informed.

“What the city gave will not pay for a librarian or upkeep of the property,” Joslin said.