By MELINDA WILLIAMS
Pulaski County Board of Supervisors will hold a public hearing June 17 on a proposed 2013-14 budget that is almost $100,000 less than the current year’s budget.
The $81.7 million budget includes a 5-cent increase in the real estate tax rate, a 21-cent increase in the personal property tax rate and no changes in rates for machinery and tools taxes. If the budget is approved as advertised, the new real estate rate will be 59 cents per $100 of assessed value and personal property taxes will be assessed at $2.35 per $100 of value.
The hike in real estate taxes is expected to generate about $1.45 million in additional revenue, increasing the current year’s $14.25 million estimate to $15.7 million in the coming fiscal year. Personal property tax revenues are expected to jump from $5.13 million in 2012-13 to $5.78 million in 2013-14, resulting in a $653,000 increase.
Total general property tax revenues are projected to increase by $2.3 million, from $23 million to $25.4 million in the coming fiscal year.
State contributions will increase by about $242,000 and federal revenues will increase by about $6,000, bringing total General Fund revenues from all sources to just over $39 million (an increase of about $848,000 over the current year’s budgeted General Fund revenues).
When revenues from school and social services fees are included, total estimated revenue in the proposed 2013-14 fiscal year budget is $81,730,688. To have a balanced budget, expenditures also are estimated to be $81,730,688.
Total expenditures include $3.9 million for law enforcement and public safety; $277,000 for fire and rescue; $938,000 for health and human services; $1.4 million for parks, recreation and culture; a $2.2 million transfer to capital outlay, and $4.1 million transfer to debt service.
Pulaski County schools will receive $12.9 million in the proposed budget for fiscal year 2013-14. That is $662,500 more than the $12.3 million supervisors allocated for the current fiscal year and $362,500 more than the schools had to operate with this year. Pulaski County Administrator Pete Huber explained that $300,000 was carried over from the 2011-12 fiscal year, actually giving the schools a total of $12.6 million for fiscal year 2012-13.
He said schools also are allocated $332,000 in capital expenditures for the coming fiscal year. That includes $282,000 for replacement of school buses and $50,000 for purchase of security cameras. Last year, he added, $353,600 was allocated from reserves to purchase new school buses.
Complete copies of the proposed budget are available for public inspection at the County Administration Building, 143 Third St., in Pulaski during normal business hours.