NEWTON, NC (May 7, 2013) – City Manager Todd Clark presented on Tuesday the proposed budget for Fiscal Year 2013-2014 to the City Council. The total proposed budget for the 2014 fiscal year is $38,114,250, a decrease from the amended FY 2013 budget.
In his budget message, Clark said, “The proposed 2014 fiscal year budget is a conservative financial plan that will enable the City to continue providing a high level of service to our citizens.”
The proposed General Fund budget is $11,988,500; the proposed Water and Wastewater budget is $7,439,550; the proposed Electric Fund budget is $16,543,200; the proposed Powell Bill Fund budget is $511,750; the proposed Health Fund budget is $1,623,250 and the Federal Asset Seizure Fund budget is $8,000.
Budget highlights include:
- No increases in the property tax rate or water and sewer rates;
- A 2.5 percent Cost of Living Allowance for employees for a total cost of $202,550;
- Creation of a new Sanitation Maintenance Worker position and the addition of a part-time Park Maintenance employee;
- An increase of $2 per month to the residential Refuse Collection Fee; and
- A 5.6 percent electric retail rate increase that is necessary to cover a 6.3 percent wholesale rate increase from ElectriCities.
The City Council will hold budget workshops at 5:15 p.m. on May 14, 16, 21 and 23 in the Council Chambers at City Hall to discuss the proposed budget. The Council is expected to hold a public hearing on June 4 for comments from the public. It is anticipated the City Council will consider adoption of the budget the same evening.