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Century Gives Nod To 51%, $1.7 Million Budget Increase
September 9, 2011
The Town of Century has given preliminary approval to a $5 million 2011-2012 budget that is up almost $1.7 million from last year — thanks to $1.9 million in grants.
The $5,032,816 budget includes grant income and expenditures of $1,913,000. The grant funds are from state and federal sources — not local revenue or taxes.
“It’s money in and money out,” Mayor Freddie McCall said of the budget increase for the grants. “If we did not have the grants in there we would be less than the previous year’s budget,” Robert Hudson, the town’s accountant, added.
The $1.9 million in grants included in the budget are:
- CDBG Housing Grant, $650,000
- Energy Grant, $100,000
- Residential Construction Mitigation Program Grant, $100,000
- FEMA Hazard Grant, $823,000
- Housing Preservation Grant, $50,000
- Sewer Filter Grant, $190,000
There will be no increase in ad valorem taxes this year to meet the budget for fiscal year 2011-2012, which begins October 1.
The Century Town Council will give final approval to the new budget at their September 19 meeting.
To view a summary of the budget in pdf format, click here or the image below.
Pictured: Century council member Sandra McMurray Jackson reviews the town’s 2011-2012 budget during a special hearing Thursday afternoon. NorthEscambia.com photo, click to enlarge.
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