Centreville low­ers tax rate, passes FY 2018 Bud­get

Record Observer - - Front Page - By MIKE DAVIS mdavis@kibay­times.com

CENTREVILLE — The Centreville Town Coun­cil unan­i­mously voted in fa­vor of pass­ing its fis­cal 2018 bud­get dur­ing its Thurs­day, June 1, meet­ing at the Lib­erty build­ing.

The bud­get to­tals are as fol­lows: Gen­eral Fund Op­er­at­ing Bud­get, $4,131,975; En­ter­prise Fund Op­er­at­ing Bud­get, $2,770,712; Gen­eral Fund Cap­i­tal Bud­get, $230,098; and En­ter­prise Fund Cap­i­tal Bud­get, $3,818,572.

The en­ter­prise fund is gen­er­ated from user fees for town wa­ter and sewer. Ma­jor pro­jects listed in the En­ter­prise Fund Cap­i­tal Bud­get in­clude $1,810,786 for sewer main and lat­eral re­place­ment on both Com­merce Street and Lib­erty Street, as well as an­other $1810,786 for re­place­ment of the wa­ter main and lat­er­als on Com­merce and Lib­erty streets.

Both of the $1,810,786 fig­ures will be added to the town’s debt, ac­cord­ing to the spread­sheet.

In the Gen­eral Fund Op­er­at­ing Bud­get, the town will spend $1,296,907 for pub­lic safety, $989,414 for gen­eral gov­ern­ment, $937,733 for roads and $295,099 for solid waste. None of the other eight ex­penses listed, such as plan­ning and zon­ing, parks and recre­ation and the ceme­tery, have ex­penses of more than $55,000.

Dur­ing the town’s May 18 pub­lic hear­ing com­ments were made about us­ing the Con­stant Yield Rate of $0.403 per $100 of as­sessed value rather than the pro­posed $0.41 per $100 of as­sessed value.

One of the rea­sons res­i­dents said they were up­set at the pro­posed rate, which was the same prop­erty tax num­ber as fis­cal 2017, was be­cause from fis­cal 2016 to fis­cal 2017 the rate in­creased by three cents.

Prior to vot­ing on the bud­get, Or­di­nance 03-2017, Coun­cil Vice Pres­i­dent Jim Beauchamp asked if his fel­low coun­cil mem­bers would con­sider low­er­ing the tax rate by a half-cent as the town pro­jected about $83,776 trans­ferred back into the gen­eral fund bal­ance, about 2 per­cent of the to­tal bud­get.

Newly elected coun­cil­man Jeff Mor­gan, who agreed with low­er­ing the rate, asked to use the full Con­stant Yield Rate.

Coun­cil Pres­i­dent Tim McCluskey said he was con­cerned that low­er­ing the rate too much could mean they had to raise it again in the fu­ture. Through bud­get work ses­sions, McCluskey said the wa­ter and sewer rates could be in­creased in the fu­ture and that if the coun­cil were to lower the tax rate, it should “be as con­ser­va­tive as pos­si­ble.”

The coun­cil unan­i­mously voted to lower the prop­erty tax rate to $0.405 per $100 of as­sessed value.

“With the thought of any sort of util­ity rate in­crease, if we can off­set that for ev­ery house­hold with a lit­tle bit of a re­duc­tion in prop­erty tax I think that would be wise,” Beauchamp said.

The fis­cal bud­get runs an­nu­ally from July 1 to June 30.

The Town of Centreville Fis­cal Year 2018 bud­get can be viewed in its en­tirety at www.townof­cen­tre­ville.org.

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