Milford Studies 2003 Budget Issues
July 28, 2016 at 4:25 p.m.
MILFORD - At the second of three scheduled budget workshops, Milford street commissioner Dallas Winchester presented the motor vehicle highway budget to the Milford Town Council Monday.
Compared to the 2002 budget, the estimated 2003 budget will increase approximately 2.6 percent. The 2002 budget is $206,310, with the 2003 budget estimated at $211,672.
Part of the budget increase is due to a 5 percent wage increase for employees, an increase in employee insurance and Social Security.
"I think all the budgets presented so far (have been) realistic," said Charlotte Siegfried, Milford clerk-treasurer.
"It looks good to me," said councilman Douglas Ruch.
For the cumulative capital development fund, $30,000 was budgeted for 2002. For 2003, Siegfried said, she recommended the council budget $200,000 if they want a new fire truck for the fire department. "You don't have to spend it just because you budget it," she said.
Ruch said the money for a new fire truck has been accumulating over a few years so it won't affect the tax rate. "The fire truck is at a point in time where we have to prepare to do something before we have to. ... I think it's in the town's best interest to proceed."
Siegfried also budgeted a $10,000 increase for the cumulative capital improvement fund, from $30,000 in 2002 to $40,000 in 2003. The increase will help pay for a new police car for the police department.
The cigarette tax fund for 2003 will remain at $10,000. Local roads and streets fund will increase $10,000 to $40,000 for 2003.
The 2003 police education budget was recommended by Siegfried to be $1,900.
This year, Milford received approximately $120,000 from the Economic Development Income Tax. While she said she's not certain how much Milford will get in 2003, Siegfried estimated the fund to be around $80,000.
For the cumulative sewer fund, Siegfried said she'd like to budget that at $20,000 for 2003, an increase of $10,000.
The third budget meeting will be June 24 in the town hall at 6 p.m. The budgets for the fire and EMS departments will be discussed then.
Members of the town council are Ruch, president John Lehman and Bob Phillips. Their regular meeting is at 7 p.m. in the town hall on the second Monday of every month.
A special meeting will be held June 17 at 7 p.m. for public discussion on the North Park Subdivision annexation and formal presentation of the annexation ordinance. [[In-content Ad]]
MILFORD - At the second of three scheduled budget workshops, Milford street commissioner Dallas Winchester presented the motor vehicle highway budget to the Milford Town Council Monday.
Compared to the 2002 budget, the estimated 2003 budget will increase approximately 2.6 percent. The 2002 budget is $206,310, with the 2003 budget estimated at $211,672.
Part of the budget increase is due to a 5 percent wage increase for employees, an increase in employee insurance and Social Security.
"I think all the budgets presented so far (have been) realistic," said Charlotte Siegfried, Milford clerk-treasurer.
"It looks good to me," said councilman Douglas Ruch.
For the cumulative capital development fund, $30,000 was budgeted for 2002. For 2003, Siegfried said, she recommended the council budget $200,000 if they want a new fire truck for the fire department. "You don't have to spend it just because you budget it," she said.
Ruch said the money for a new fire truck has been accumulating over a few years so it won't affect the tax rate. "The fire truck is at a point in time where we have to prepare to do something before we have to. ... I think it's in the town's best interest to proceed."
Siegfried also budgeted a $10,000 increase for the cumulative capital improvement fund, from $30,000 in 2002 to $40,000 in 2003. The increase will help pay for a new police car for the police department.
The cigarette tax fund for 2003 will remain at $10,000. Local roads and streets fund will increase $10,000 to $40,000 for 2003.
The 2003 police education budget was recommended by Siegfried to be $1,900.
This year, Milford received approximately $120,000 from the Economic Development Income Tax. While she said she's not certain how much Milford will get in 2003, Siegfried estimated the fund to be around $80,000.
For the cumulative sewer fund, Siegfried said she'd like to budget that at $20,000 for 2003, an increase of $10,000.
The third budget meeting will be June 24 in the town hall at 6 p.m. The budgets for the fire and EMS departments will be discussed then.
Members of the town council are Ruch, president John Lehman and Bob Phillips. Their regular meeting is at 7 p.m. in the town hall on the second Monday of every month.
A special meeting will be held June 17 at 7 p.m. for public discussion on the North Park Subdivision annexation and formal presentation of the annexation ordinance. [[In-content Ad]]