No tax or fee in­creases pro­posed in Queen­stown

Town said in ‘very good’ fi­nan­cial con­di­tion

Record Observer - - News - By JACK SHAUM jshaum@kibay­times.com

QUEEN­STOWN — There will be no in­crease in taxes or fees for Queen­stown res­i­dents and busi­nesses dur­ing Fis­cal Year 2017, ac­cord­ing to the pro­posed bud­gets in­tro­duced at the town com­mis­sion­ers’ meet­ing on Wed­nes­day, May 25.

The pro­posed bud­gets are spelled out in Or­di­nance 16-02 and were in­tro­duced by Tom Wil­lis, pres­i­dent of the town com­mis­sion­ers. The Gen­eral Fund Bud­get calls for a prop­erty tax rate of .181 per $100 of as­sessed real prop­erty value for res­i­den­tial cus­tomers, and a tax rate of .46 per $100 on all com­mer­cial or busi­ness cus­tomers.

The tax rate is the Con­stant Yield, ac­cord­ing to Pat Bow­ell, chair­man of the town’s fi­nance com­mit­tee.

Un­der the Gen­eral Fund Bud­get, to­tal op­er­at­ing ex­penses for the fis­cal year be­gin­ning July 1 will be $588,082 and to­tal gen­eral rev­enue will be $641,602, ac­cord­ing to the bud­get or­di­nance. Op­er­at­ing ex­penses for the cur­rent fis­cal year are $593,301 and to­tal rev­enue for the same pe­riod is $598,663.

Also in­tro­duced as part of Or­di­nance 16-02 was a Wa­ter and Sewer Fund Bud­get that pro­poses to­tal op­er­at­ing ex­penses of $602,024 and to­tal rev­enue also of $602,024. The wa­ter and sewer bud­get is re­quired to be bal­anced, ac­cord­ing to Bow­ell.

By com­par­i­son, the Wa­ter and Sewer Fund Bud­get for the cur­rent fis­cal year has to­tal ex­penses of $513,500 and to­tal rev­enue of $511,048.The dif­fer­ence has been made up with from other sources, ac­cord­ing to town of­fi­cials.

Cap­i­tal ex­pen­di­tures to­tal­ing $60,300 are also in­cluded in the FY 2017 Gen­eral Fund Bud­get. They in­clude pipe and street re­pair on Melvin Av­enue to­tal­ing $50,000; pipe and street re­pair at Old Wharf Lane and Main Street cost­ing $1,700; and up­grad­ing a ditch to in­stall pip­ing on Old Wharf Lane, to­tal­ing $8,600.

“The town is in very, very good fi­nan­cial shape,” Bow­ell said.

There will be a pub­lic hear­ing on the pro­posed bud­get on Wed­nes­day, June 15 at 7 p.m. at the town hall. By law, the bud­get must be adopted by June 30.

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