New Year, Increased Half Million Dollar Budget Begins Today In Century

October 1, 2010

Friday was the first day of the fiscal year 2010-2011 budget in Century with over a half million dollars in increases and increased ad valorem tax rate.

The town’s total budget is $3,337,231 — a decrease over the 2009-2010 budget of $4,587,744. The difference is due to a one-time $1.83 million grant for a water infrastructure project during the last fiscal year. The new budget represents an increase of $579,487 over last year’s budget minus the water grant.

Outside of the grant-funded water project, the town’s biggest source of revenue — $1,825,000 — is from water, gas and sewer charges, and the biggest expense is $1,464,178 to pay for the costs associated with providing the water, sewer and natural gas service for the town’s residents.

Ad valorem taxes will increase slightly — from .823 mils last year to .9048 mils. The new millage rate is estimated to generate $30,000 for the town during the 2010-2011 budget year, compared to $26,000 in the last fiscal year.

The budget passed 4-0 with council member Henry Hawkins absent from a recent budget hearing. No members of the public spoke for or against the budget.

To view a summary of the budget in pdf format, click here or the image below.

Pictured top: The Century Town Council meets earlier this month in regular session. From the left: Nadine McCaw, Ann Brooks, Sharon Scott, Henry Hawkins and Gary Riley. Hawkins was absent from a budget public hearing held just prior to the council meeting. NorthEscambia.com photo, click to enlarge.

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Written by William Reynolds · Filed Under News