Advertisement
Search Sponsored by:
Monday, October 20, 2014
Speculator, NY ,
Advertisement

IL tentative budget starts out up 7.1%

Monday, October 21, 2013 - Updated: 9:26 AM

By PETE KLEIN

Express News Staff

INDIAN LAKE - The Indian Lake Town Board has had its first look at the Tentative Budget for 2014. It shows an overall increase in appropriations of $71,241, but an increase of $175,303 to be raised by taxes, due to decreased revenues.

This would mean a 7.09 percent increase in the tax levy, but the board will be working on cuts during the weeks ahead.

The tentative town-wide tax rate shows a 9.8308 percent increase, from $3.7848 per $1,000 of assessed value in 2013 to $4.1569.

The General Fund shows appropriations of $1,674,412 and estimated revenues of $193,400, leaving $1,481,012 to be raised by taxes. This would be up $45,581 or 3.175 percent.

The Highway Fund shows appropriations of $919,956 and estimated revenues of $100,080, leaving $819,876 to be raised by taxes. This is up $116,584 or 16.577 percent.

The Library Fund shows appropriations of $172,510, estimated revenues of $6,725 and $165,785 to be raised by taxes, up $8,385 or 5.309 percent.

The Landfill Fund shows appropriations of $186,815, estimated revenues of $5,489 and $181,326 to be raised by taxes, up $4,780 or 2.708 percent.

SPECIAL DISTRICTS

Water District 1 (Blue Mt. Lake) shows appropriations of $209,912, estimated revenues of $15,090 and $194,822 to be raised by taxes. This is down $353 or 0.181 percent.

Water District 2 (Indian Lake) shows appropriations of $340,470, estimated revenues of $36,725 and $303,745 to be raised by taxes, up $43,914 or 16.901 percent.

The Indian Lake Sewer District shows appropriations of $175,210, estimated revenues of $13,520 and $161,690 to be raised by taxes. This is down $732 or 0.451 percent.

The Weed District shows appropriations of $13,720, estimated revenues of $3,000 and $10,720 to be raised by taxes, no change from the 2013 adopted budget.

Indian Lake Ambulance shows appropriations of $348,377, estimated revenues of $129,120 and $219,257 to be raised by taxes, up $43,125 or 24.484 percent.

The Indian Lake and Blue Mt. Lake fire districts estimated appropriations and revenues have yet to be submitted.

WORK SCHEDULE

Work on changing the tentative budget into the preliminary budget begins Wednesday, Oct. 23, at 7 p.m. when the board will review the General, Landfill and Library funds, the various districts, debt service and cash reserves and hold a public hearing on the Weed and sewer districts.

The board will review the Highway Fund budget Thursday, Oct. 24, at 7 p.m. and hold a final budget workshop Thursday, Oct. 31, at 7 p.m.

The preliminary budget will be presented during a public hearing on it Thursday, Nov. 7, at 7 p.m.

peteklein@hamiltoncountyexpress.com

     

Comments made about this article - 0 Total

Advertisement

Copyright © Port Jackson Media, LLC.

Privacy Policies: Hamilton County Express

Contact Us