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Budget calls for tax and fee increases

May 20, 2004|by TARA REILLY

tarar@herald-mail.com

Hancock's operating budget for the upcoming fiscal year calls for increases in the property tax rate and water, wastewater and trailer tax fees.

The Hancock Town Council unveiled the proposed $1.29 million total budget at Wednesday night's meeting.

The budget would go into effect on July 1, the start of the 2004-05 fiscal year.

Under the tentative budget, the property tax rate would increase from .355 per $100 of assessed value to .395 per $100 of assessed value.

Hancock Mayor Daniel A. Murphy said increases in payroll and benefits and utility costs were reasons for the tax rate increase.

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Water fees would increase from $21 to $25.20 for the first 6,000 gallons of water used and from $3.70 to $4.70 for each additional 1,000 gallons used quarterly, according to the proposed budget.

Murphy said the proposed water fee hike would mean customers would pay an increase of about $8.20 per quarter.

Wastewater charges would increase from $21 to $22.50 for the first 6,000 gallons of water and from $3.70 to $3.89 for each additional 1,000 gallons quarterly, the proposed budget states.

The town's trailer tax for mobile homes would increase from $8 to $16 per month. Murphy said that tax hasn't increased in about 10 years.

The town's proposed budget includes a $716,639 general fund, up from the current fiscal year's general fund of $677,278.

The proposed general fund budget lists revenue of:

  • $356,202 in revenue from property taxes, fees and interest.

  • $159,600 in state shared taxes.



The budget lists expenses of:

  • $403,325 in payroll and benefits expenses.

  • $106,800 in utilities.

  • $33,880 for parks, recreation and community services.

  • n $32,100 for public works.

  • $31,570 for public safety.



Murphy said the Town Council will hold a public hearing on the proposed budget next month and then vote on it.

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