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Century Approves Increased Budget, Sets Tax Rate
September 9, 2014
The Town of Century Monday night gave tentative approval to a budget for the next fiscal year that’s up about 16 percent over this year and $2.2 million greater than the previous budget year.
The town council gave first approval to a $5,107,641.34 budget for 2014-2015 that is up $722,850 over the current fiscal year. The increase is due to grant income and expenditures included in the budget of $2,280,296.
There will be no increase in ad valorem taxes this year to meet the budget for fiscal year 2014-2015, which begins October 1. The proposed millage rate is .8707, which is equal to and does not exceed the rolled-back rate.
The council will vote on final approval of the budget and millage rate during public hearing at 7 p.m. on Monday, September 15, just prior to a regular council meeting.
To view a summary of the budget in pdf format, click here or the image below.
NorthEscambia.com graphic, photo, click to enlarge.
Comments
One Response to “Century Approves Increased Budget, Sets Tax Rate”
Am I reading that correctly? There is nothing budgeted for economic development? Just wondering. I don’t have any ideas that would help improve the economy in Century either. Seems pretty hopeless to me.