Centreville proposes 3 cent tax rate hike
CENTREVILLE — The Centreville Town Council introduced its fiscal 2017 budget of about $11.5 million during its Thursday, June 2, town meeting that includes a 3 cent increase per $100 of assessed value from the previous year. The general fund, enterprise fund and capital budgets are $3,552,590, $2,312,833 and $5,577,300, respectively.
Ordinance 05-2016, which introduced the budget, states the tax rate will be $0.41 per $100 of assessed value and the public utility tax rate for the upcoming fiscal year will be $2.11.
The ordinance was voted on by a 3-0 vote. A public hearing is set for 7:05 p.m. Thursday, June 15, during the town’s next meeting at the Liberty Building, 107 N. Liberty St., 2nd floor meeting room. Public comments will be taken regarding the constant yield tax rate and the FY2017 budget.
Centreville Town Manager Steve Walls said the increase in the tax rate is to help fund capital street repair projects.
“The council’s proposing to do some major utility and road pavement work on about four streets and that’s going to add a substantial amount of annual debt service cost to make those improvements,” Walls said.
The streets recommended for improvements are Kidwell Avenue, Happy Lady Lane, Brown Street and Pennsylvania Avenue.
The general fund budget of about $3.5 million is an increase of $61,712 from the current fiscal year. The town collected $2,121,091 in property taxes, $592,538 from income taxes, $123,632 from the highway user tax and $298,620 as well as $92,000 from state aid for police protection and $7,700 from aid to towns.
Expenses for FY17 include: $32,150, legislative; $45,700, planning and zoning; $938,148, general government; $1,242,102, public safety; $45,000, emergency services; $939,825, roads; $282,535, solid waste; $41,600, parks and recreation; $15,600, Main Street; $21,000, cemetery; and $6,850, watershed.
The enterprise fund budget, which is generated by user fees for water and sewer, lists $1,693,908 in expenses and $618,925 in debt services.
The total capital projects budget is $5,577,300. Future expenditures in the budget include $40,300 for town administration, $54,000 for public safety, $5,189,606 for public works, $258,394 and $35,000 for the cemetery.
Major expenditures for public works include $2,241,606 for street repaving projects, $1,250,000 each for wastewater and water infrastructure and $270,000 for wastewater collection system improvements. The parks department has $258,394 set aside for improvements to the Centreville Wharf Park. A little more than $40,000 has been line itemed for new financial software under the town administration.
Capital revenues included debt proceeds of $2.5 million from both the general fund and the enterprise fund.
To view the proposed fiscal 2017 budgets, stop by Town Hall, 101 Lawyer’s Row, Centreville.
Follow Mike Davis on Twitter: @mike_kibaytimes.
From left, Centreville Town Councilmen Jim Beauchamp, George “Smokey” Sigler and Tim McCluskey introduce the fiscal 2017 budget during the June 2 meeting.