The Town of Caledonia will hold a public hearing on a proposed ad valorem tax increase for fiscal year 2024 and on its proposed budget and proposed tax levies for fiscal year 2024 September 15, 2023, at 6:00p.m. at the Town Hall Board Room, 754 Main Street, Caledonia MS.
The Town of Caledonia is now operating with projected total budget revenue of $856,766. (31.51%) or $270,000 of such revenue is obtained through ad valorem taxes. For next fiscal year, the proposed budget has total through ad valorem taxes. For next fiscal year, the proposed budget has total projected revenue of $880,295. Of that amount, (30.10%) or $265,000 is proposed to be financed through a total ad valorem tax levy.
For next fiscal year, the Town of Caledonia plans to increase your ad valorem tax millage rate by 3.5 mills from 10 mills to
13.5 mills. This increase means that vou will pay more in ad valorem taxes on your home, automobile tag, utilities, business fixtures and equipment and rental real property.
Any citizen of The Town of Caledonia is invited to attend this public hearing on the proposed ad valorem tax increase, and will be allowed to speak for a reasonable amount of time and offer tangible evidence before any vote is taken.