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Millage rate public hearing is tonight

The Lamar County commission will hold a public hearing at 6 p.m. this evening to gather citizen input on its 2009 millage rate. According to legal advertising published in The Herald-Gazette, the county will reduce its next tax levy by .4%. The county is expected to set its rate at 8.942 mills. That rate is projected to raise $4,305,227 in revenues from property owners. The county is cash-strapped and currently is operating with a $1.2 million line of credit known as a tax anticipation note. The commission will officially set the rate at its regular meeting on August 11 at 7 p.m. The other millage heavy hitter – the local school board – will set its millage rate at a meeting also set for August 11 at 7 p.m. The board is advertising a millage rate of 15.80 mills which is projected to result in a net tax levy on property owners of $7,810,526.

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