Thursday, September 11, 2008
City budget about same
By SUE WATSON
In an effort to keep taxes from rising, Holly Springs’ proposed budget will be close to what it was last fiscal year, said city clerk Belinda McDonald.
McDonald said the new budget will not require an increase in ad valorem tax rate by the city. The proposed revenue budget is expected to be $6,676,516, just $123,506 over last year’s budget. The general city budget was trimmed by two mills going from last year’s 25 mills to 23 mills in fiscal year 2008-09.
To keep the budget in balance, McDonald said the city is proposing no large capital outlays this year. The capital improvements’ budget contains dollars to pay the note on the bond for the new police department facility next year and money for a new front-end loader for the street department, she said.
The city is scheduled to pay $329,000 on the police station loan next fiscal year. The $2.5 million bond is to be retired in 20 years.
The proposed budget will set aside more money for gas and diesel fuel, but the increased set-aside will be offset by a cutback in money for supplies, she said.
The proposed budget does include a cost of living raise ranging from five to seven percent for fire and police department employees, Mayor Andre’ DeBerry said. The raises are an effort to retain employees in these two departments and to try to retain police officer recruits.
Other items contributing to the 77.58 millage tax levy in the upcoming fiscal year beginning October 1, include .25 mills for fire protection (no increase); 46.57 mills for the city school district (1.02 mills increase); 1.02 mills special school levy (down by .03 mills); 3.98 mills school bond levy (down .59 mills); and 2.76 mills for a school budget shortfall loan to cover the 2007-2008 fiscal year.
Last fiscal year’s tax levy by the city was 76.42.
The proposed levy for the new fiscal year is up 1.16 mills over the current year due to increased requests by the school district.
City and county budgets, by law, must be adopted by September 15.
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