Madison County Supervisors have adopted the FY22 budget.
Last week, supervisors voted 5-0 in favor of the budget, which includes a three-cent increase in the real estate tax rate, from $.71 to $.74 per $100 of assessed value. In fiscal year 2022, each one-cent increase in the real estate tax rate generates approximately $175,000 in revenue. The increase in funds is needed to help balance the county’s proposed fiscal year budget of approximately $45.7 million, approximately $29 million of which is in the general fund.
The budget continues big ticket items from the current year including the Madison Primary School renovation project which should be completed in June but was financed, the emergency radio communications project and the overhaul of the county administration building, which should also be completed this summer. The EMS budget has increased by approximately $433,500 and the commonwealth’s attorney office has increased by approximately $100,000, largely due to the addition of a new employee. For employees, a 5% raise has been included for all county employees, some of which is offset through a state funded increase for compensation board employees. A 1.6% health insurance increase will be split 50/50 with the county paying half of the approximately $13,000 increase and employees paying the other half. New in fiscal year 2022 are several positions including a shared full-time employee in the county administrator’s office who will be dispatched to where needed to fill or assist during peak work periods; a full-time administrator/payables clerk in the finance department; converting an employee in the clerk of the circuit court’s office from part-time to full-time; and an additional dispatcher in the emergency communications center. Additional overtime hours are needed to assist with the financial software installation in the commissioner of revenue, treasure and finance department offices and additional part-time hours are needed in the registrar’s office. A $40,000 mental health benefit via counseling has been added for employees. Also new is $20,000 to establish a drug court with Orange County.
The general fund budget is balanced using approximately $22.4 million in local revenue, up approximately 1.62% from the current year; approximately $2.7 million in state funding, up approximately .54% from the current year and approximately $2.2 million in federal revenue, up 1527.92% from the current year mostly due to the various funds associated with the pandemic. Supervisors opted to balance the budget by using approximately $1.5 million in fund balance, up 124.33% from the current year.