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Swansea finance chair reports May revenues; trustees forward grocery-tax ordinance to board
Summary
Finance reported May revenue at about $890,000 with expenses about $677,000 and trustees voted to forward an ordinance (first reading later) to reinstate a municipal grocery-related tax effective Jan. 1 if state status changes; trustees were asked to monitor irregular revenue variances.
The Village of Swansea finance committee presented first-month numbers for the new fiscal year and moved forward an ordinance to reinstate a municipal grocery tax if state action allows it.
The finance chair summarized May activity, saying revenues were approximately $890,000 and expenses about $677,000; he flagged several line items that came in notably over or under budget and asked trustees to monitor the developing trends. He noted sewer operations showed a negative variance for a non-billing month.
On policy, the committee introduced Ordinance No. 19-91, described as an ordinance implementing a municipal grocery retailer's occupation tax and a municipal grocery service occupation tax to take effect Jan. 1 if the state rescinds its equivalent treatment. A trustee moved to forward the draft ordinance to the board for further consideration; the motion was seconded and approved by voice vote. The clerk later conducted the first reading of Ordinance 19-91 (recorded as first reading).
Separately, finance moved to pay bills totaling $438,838.78; the motion passed on a roll-call vote with trustees recorded as ayes. Trustees also accepted the treasurer's report showing consolidated fund totals across several funds with the general fund balance at $7,653,399.59 and total funds at $25,568,141.71.
The board did not adopt the grocery-tax ordinance at this meeting; forwarding and a first reading were recorded so trustees can consider it at a later date.
