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members attend the meetings, and the Commission Council meetings are open to the public. Final approval is made by the Commission Council. The budget is balanced when adopted, and is administered by the Commission Council. Preparation and discussion of the budget continues through the year; it is proposed at one meeting, voted on at the following, on the first week in October.
The money for all town government is appropriated by the Commission Council. The Commission levies all taxes; however, the tax authority is limited by State Law.
THE TOWN HAS REACHED ITS TAX LIMIT
Moneys for all government activities are raised by ad valorem taxes, privilege licenses set by state law, building permits and mayor’s court fines.
Total income for the 1949-1950 fiscal year is $207,837.50.
Sources of this revenue:
Water Fund:
Water rent______________$14,980.00
Ad valorem (1 mill)________3,200.00 $18,180.00
City Fund:
County ad valorem tax_____________________ 6,750.00
2% franchise, Power Company_______________ 2,500.00
City Court fines__________________________	200.00
Ad valorem (10 mills)_____________________ 32,000.00
Privilege (Licenses, Permits) ____________	3,000.00
TOTAL_____________________$44,450.00
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Assessment values:
*Real property--------------$2,506,300.00
Personal property------------------------	401,499.00
**Public Services------------------------	331,568.00
TOTAL __i$3,239,357.46
Tax rate 45 */2 mills
* On Homestead exemptions, reimbursement is made by the State Homestead Division of the Tax Commission, to the amount of 15 mills.
** Assessment on Public Services is made by the State Tax Commission; there are no exemptions on Public Service properties.
Total cost of government is as follows:
Education	$82,967.50
City	44,450.00
Water	18,180.00
Police	9,240.00
Fire	6,500.00
Hospital	1,750.00
Bond Retirement	34,000.00
Special Fund	1,750.00
Old Debts	9,000.00
Approximately 75% of city government income is derived from	property tax, and 25% from
the state. There is less than 10% tax delinquency.
The Commissioner of Finance serves as the city assessor. There are no. special qualifications requir-
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