The proposed Hall County budget for 2024-25 uses casino earnings to help reduce the tax burden for county property owners.
Under actions taken Wednesday, homeowners will pay $407.34 per $100,000 worth of valuation. To reach that amount, commissioners approved using $819,000 in proceeds the county has received from the temporary Grand Island Casino Resort. Earlier in the meeting, taxpayers were looking at paying $418.28 per $100,000 valuation.
So if the preliminary budget is approved, casino earnings will save county taxpayers $10.94 per $100,000 valuation.
The $819,000 is what the county received in revenue from the casino in the fiscal year that ended June 30. If the first six months of temporary casino operations are included, the county has taken in about $1.1 million.
