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Town manager lays out budget options: TIF balances, salary adjustments and EMS scenarios
Summary
Town Manager Tim and finance staff presented budget scenarios showing available TIF balances, proposed wage adjustments and options to add an EMS/fire staffing package; councilors discussed using undesignated funds, prioritizing CIP cuts and transparency for voters.
Town Manager Tim and finance staff presented the Town Council with budget scenarios that include proposed wage adjustments, the possible addition of EMS staffing, and use of Tax Increment Financing (TIF) funds to help cover capital and operating costs.
Finance staff outlined two TIF accounts and their balances: approximately $1.45 million in the transit TIF (about $553,000 of that earmarked, leaving roughly $896,000 available) and about $2.02 million in the Pumpkin Town TIF (roughly $1.00 million earmarked, leaving about $968,000 available). Staff said the TIF seats could be used for some bond payments and…
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