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Century Set To Approve Budget With 50 Percent Increase
September 12, 2013
The Town of Century will hold a public hearing next Monday afternoon before adopting a budget up about 50 percent over last year and setting the tax rate for the upcoming fiscal year.
The proposed 2013-2014 budget is$4,384,791, up about $1.6 million over the last fiscal year. The operating budget increase is due to grant income and associated expenditures of $1,595,000 — including a $650,000 housing grant and a $944,000 drainage project grant for North Century Boulevard.
There will be no net increase in ad valorem taxes this year to meet the budget for fiscal year 2013-2014, which begins October 1. The recomputed millage rate of .9006 is equal to and does not exceed the rolled-back rate.
The budget hearing will be held at 6:50 p.m. Monday at the Century Town Hall, 7995 North Century Boulevard. The budget hearing is just prior to a regular meeting of the Century Town Council.
To view a summary of the budget in pdf format, click here or the image below.
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