Budget ready for hearing – overall proposed spending increase is modest
The Peru Town Board held its regular meeting on Monday, October 26, 2009 and scheduled a public hearing on the town’s preliminary 2010 budget. The public hearing will be held on Thursday, November 5th at 6:30 p.m. As proposed, the budget promises a decrease in general fund spending and a modest increase in highway and water department spending. Both town general and town highway tax rates will decrease.
The preliminary 2010 budget proposes a general tax rate of $2.07/M down from $2.16/M last year. The preliminary highway tax rate is $2.44/M. Last year the highway rate was $2.51/M. Water district #1,2 &3 rates are proposed to increase from $1.47/M to $1.84/M. The water district increase is related to financing the capital improvements made to water plant last year. Sewer rates will decrease from $.35/M to $.16/M because certain capital improvement bonds have been paid off.
General budget total expenditures decreased from $1,350,944 to $1,322,851. Highway Department total expenditures increased from $1,306,914 to $1,421,755 primarily because of the need to replace a tandem plow truck and the Denton bridge. The entire preliminary budget can be seen on the Town of Peru website.
In other actions the Board: Read more »
Posted: October 30th, 2009 under General News.
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