By Glynis Crawford Smith
The Highlander
The Granite Shoals City Council was unanimous in approval of the Fiscal Year 2017-2018 tax rate and budget in a brief meeting on Thursday, Sept. 7.
Finance Director Wendy Gholsen led council members through requisite vote to ratify the increase the new tax rate represents before moving on to the ordinance to adopt it.
The new rate approved is $0.56313 per $100 valuation, divided into a maintenance and operation fund (M&O) rate of $0.34828 per $100 and interest and sinking fund (I&S) of $0.21485 per $100. The rate last year was $0.54720 per $100 valuation.
