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Grand Island board reviews general fund: small levy increase, slim projected fund balance
Summary
Town officials reviewed the draft general fund budget showing a modest tax-levy increase, higher appropriations driven by payroll and contractual costs, and a projected year-end fund balance near the town's stated 5% minimum.
The Grand Island Town Board spent the meeting reviewing the draft general fund budget, which shows a modest increase in the town's tax levy and a narrow projected fund balance at the end of the next fiscal year. Town staff presented revenue and appropriation changes and flagged several areas for further work in the coming weeks.
Town staff reported the current tax rate at 0.671 per $1,000 of assessed value. The draft levy for the coming year was presented as higher than the previous year by about 4.47 percent, and total revenue expectations were said to be up roughly $207,000 (about 3.4 percent). Staff's projection for the general fund's unassigned…
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