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Council session is Friday; budget could be discussed

by Tom Chillemi

The Urbanna Town Council could begin discussion on the town’s upcoming 2014-15 (FY15) budget at its work session on Friday, May 9, at 3:30 p.m. on the second floor of the town hall. The public is invited.

Even though the public hearing on the proposed FY15 budget has already been set for Monday, May 19, at 7 p.m., there has been little discussion of the budget by council.

The proposed budget that was advertised in the May 1 Southside Sentinel contains no increases in the tax rates or water rates.

The real estate tax rate would remain at 24 cents per $100 of assessed value and bring in $274,000, compared with $265,000 in the current fiscal year (FY14). Personal property would continue to be taxed at the rate of 65 cents per $100 of value.

Urbanna property owners must pay town taxes in addition to Middlesex County taxes. The recently approved rate by the county for FY15 is 53 cents per $100 (up 5 cents) on real estate; and $3.50 per $100 on personal property.

The new fiscal year begins on July 1, 2014.

Under the proposed budget, Urbanna’s general fund budget would increase to $614,813, up from $585,783 in FY 14.

The categories of the current budget and the proposed FY15 budget are not identical.

A salary increase is proposed for town employees, said council member Joe Heyman, who has been working to put the current budget into a more easily-understood format. The current budget (FY14) indicates that revenues are up and spending is less than budgeted, meaning there could be a budget surplus, he said. The town also had a budget surplus in 2012-13 (FY13).

A copy of the proposed town budget is available for review at the town hall.

posted 05.07.2014

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