The county commission recently held public hearings on the Phelps County revenue and special road and bridge levy tax and the Phelps County Board for the Developmentally Disabled.

Phelps County revenue and special road and bridge levy tax
Phelps County Clerk Pam Grow said last year’s tax levies were $0.1447 for general revenue and $0.0887 for roads and bridges for a total of $0.2334. This year, the total levy would be $0.2377—only slightly increased. Two factors (among others) that affect the levy are property values and the Consumer Price Index (CPI). Any new county annexation or construction goes to the plus side—increased county property valuation.
On the subtraction side of the equation, if people have to pay more locally for needed goods and services, primarily due to inflation or local market fluctuations, this is taken into account so government taxes don’t become overburdensome to the county’s residents. This is measured by the CPI.
It examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.
Prices from the goods and services  used to calculate the CPI are collected in 87 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 50,000 landlords or tenants. Prices are taken throughout the month and the weight of an item is derived from reported expenditures on that item as estimated by the Consumer Expenditure Survey.

Grow referred to the State Statutes Hancock Amendment. Added in 1980 (Article X, Sections 16 through 24), this tax limitation amendment imposes restrictions on the amount of personal income used to fund state government and the amount by which fees and taxes can be increased.

She said the CPI last year was 0.8, but that the current CPI was declared 2.1 percent by the state auditor.

The assessed county property valuation for 2016 was $579,793,185 and for 2017, has been increased to $585,269,636.

The tax rate is determined by dividing the amount of revenue to be raised by the current assessed valuation. The result is multiplied by 100 so the tax rate will be expressed in cents per $100 assessed valuation.

                                   Tax levy 2016            Proposed Tax levy 2017
General revenue        $0.1447                     $0.1221
Roads and bridges     $0.0887                     $0.1156
TOTAL                        $0.2334                     $0.2377

Phelps County Board for the Developmentally Disabled levy tax
County Clerk Pam Grow noted that the Board for the Developmentally Disabled tax levy increase slightly as well, primarily due to increased valuations of real estate and personal property, but showed decreases in state and local railroad and utility valuations.

The tax levy for 2016 was $0.0717 and the proposed tax levy for 2017 is $0.0718. According to Grow, Michael Speak, the chairman for the Board of the Developmentally Disabled has reviewed the numbers without opposition to the proposed levy.
The Board for the Developmentally Disabled funds ten different county agencies and holds memorandums of understanding with each of them. Grow says the Board has their own fund for operations and receive tax levy revenue into this fund, where it is dispersed to the agencies on a semi-annual basis.