Dublin OK’s $3.7 million budget




Dublin Town Council approved its nearly $3.7 million 2013-14 fiscal year budget Thursday, but not before Town Manager Bill Parker had to amend it yet again for another bout of bad luck.

Parker said a leak has formed in the roof of one of the buildings in the town’s industrial park, so he had to make additional cuts to accommodate a $1,358-per-month payment on a five-year $72,000 loan through National Bank.

He noted that the building is being leased to a multi-national corporation whose lease they wouldn’t want to lose, so the roof needs to be repaired as soon as possible. Besides voting to approve the budget, council also approved the loan package and authorized Parker to sign for the loan on the town’s behalf.

The approved budget includes General Fund revenues and expenditures of almost $1.1 million and Enterprise Fund revenues and expenditures of just over $2.5 million.

Besides increasing the town’s real estate tax rate for the first time in more than two decades, from 16 to 21 cents per $100 of assessed value, the budget also includes a $4.29-cent monthly surcharge on each town water account to cover nearly $139,000 in water settlement bills from Pulaski County Public Service Authority and a 2 percent pay raise for town employees.

Parker also pointed out that health insurance expenditures increased 6.1 percent for the coming year and that the budget restores the police department’s manpower to normal levels.





You must be logged in to post a comment Login