The budget includes: General Fund, $1,423,302; Motor vehicle highway, $688,388; Park and recreation, $324,787; cumulative park, $21,000; law enforcement continuing education, $5,000; cumulative capital development fund, $107,000; local roads and streets, no funds; Riverboat revenue share, $19,000; cumulative capital improvement fund, cigarette tax, no funds; cumulative capital improvement fund, property tax, $32,735; cumulative storm sewer, $55,650; Rainy Day Fund, $79,000; Economic Development Income Tax, $25,000.
Local road and street is covered by funds from the state, and is traditionally used for major projects.
Cumulative capital improvement funds are the estimated amounts based on past figures.
According to the newly passed state law HB 1001, municipalities are now required to submit their budget proposals to county council for final approval, although the county is a recommending body only. This must be done 15 days prior to the final budget meeting. This comes into effect for the first time for the 2009 budget year.
Two separate budget items, the Rainy Day Fund ($79,000) and the Riverboat Revenue Sharing ($19,000) are not subject to this approval process by the county.
The Syracuse Town Council authorized the budget proposal to be submitted to the county for final approval.
In other business, the council:
n Approved a contribution of $2,000 to the Lake Area Community Band.
n Approved the purchase of four more decorative lights at a cost of $1,712 each.
Syracuse Town Council members are Brian Woody, Bill Musser, Cassie Cowan, Larry Siegel and Paul Stoelting.
