Town proposes $26 million budget

  • Friday, November 22, 2013

Town Council gave first reading to their proposed 2014 budget at their November meeting last week.

The estimated revenues and expenditures total $26,716,209.

Among the estimated general fund revenues, the largest revenue is $10,570,000 from property taxes. Broken down, that includes an estimated $8,850,000 from real property taxes and $950,000 from vehicle property taxes.

The second largest revenue is estimated to be $6,738,519 from licenses: $2,673,519 from business licenses; $15,000 from business license penalties; $3,850,000 from business license insurance; and $200,000 from telephone licenses and fees.

The revenues also estimate a total of $65,000 from Accommodations Taxes and $1,334,706 from the Hospitality Tax.

The largest expenditures continue to be for the police and fire departments with $6,268,011 and $6,190,170 respectively.

Both totals include the personnel expenditures, such as salaries, and department expenses. The Police Department personnel expense totals $5,537,211 and the Fire Department personnel expense totals $5,637,470.

Council will hold a public hearing and give the proposed budget a second reading at the next Town Council meeting on Dec. 2 in Town Hall. The public is welcome to attend and voice their concerns.

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