Century Council To Discuss And Approve Budget Today

September 9, 2008

The Town of Century will hold a budget workshop and special meeting this afternoon to finalize next year’s budget.

The budget workshop will being at 5:15 and the special meeting will follow at approximately 6:00. Both the workshop and meeting are open to the public.

The town’s accountant, Robert Hudson, told the town council last week that they need to approve a budget early next week in order to hold a public hearing on that budget by September 11.

The budget for the next fiscal year has a $255,000 deficit, according to Council president Ann Brooks. “We have a much larger shortfall than we’ve been having,” she said at the council’s meeting.

The $255,000 shortfall assumes the council chooses a cheaper health plan for town employees. The town currently pays about $161,000 a year for health benefits, but that number would rise to $212,000 if they council did not make a health benefit change. Brooks said one plan being considered would cost the town about $150,000 per year.

At this afternoon’s workshop meeting, the council is to finalize their choice of health insurance plans, and to insert numbers they are getting from quotes for workman’s comp, liability and life insurance into the budget.

A first public hearing  on the budget will be held at 5:01 p.m. on Thursday, September 11 for public input on the budget.

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Written by William Reynolds · Filed Under Archive