Mayor Mildred "Mickey" Myers said the general fund budget, if adopted, will yield a tax rate of 28 cents per $100 in assessed value, the same rate as one year ago.
"There has been no change in the tax rate for almost 50 years," Myers said.
Myers cited growth as a key reason for the increases on both sides of the budget.
Last year's general fund budget revenues and expenditures each were nearly $925,000, budget documents state.
The council will vote on an ordinance relating to the general fund budget at its June 7 meeting. It also will vote on and hold a public hearing for the separate water and sewer budget on June 7, the date of the next scheduled council meeting at Town Hall.
Town Clerk/Treasurer/Manager Betsy Martin said the budget hearing on the water and sewer budget was delayed because officials still are finalizing sewer expenditures and are waiting for information from the City of Hagerstown for expenditures involving water.
Among the largest revenue increases from last year's general fund budget to the 2005-06 budget were $35,000 from real property taxes, more than $47,000 from highway taxes and more than $140,000 from the state's Project Open Space.
Myers said the Project Open Space money is earmarked for improvements at Veterans Memorial Park that include all-purpose fields and a pavilion.
Among the largest expenditure changes was a $26,000 increase in police capital overlay and a $38,675 decrease in public works maintenance/capital overlay.
Myers said the additional police money requested is for a new department cruiser, and the decrease was a result of the public works department not asking for anything in its category for the coming year.