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Committee advances proposed budget; Chair recommends voter-approved tax rate
Summary
Committee reviewed a draft proposed budget showing a modest operating shortfall and capital costs; the Chair recommended using the voter-approved tax rate (0.0894) in the proposed budget and members moved to accept the draft for submission and posting.
The Chair reviewed the proposed budget and noted an operating shortfall in the general fund (expenses exceeding income by about $24,375) and capital water expenditures totaling roughly $373,003.63. On tax-rate choices, the Chair contrasted last year's voter-approved rate (0.0896) with the current recommended voter-approved rate of 0.0894 and stated that selecting the voter-approved rate would collect about $143 more than last year "because the values are higher."
After discussion about rate options and whether to pursue larger increases, a committee member moved to approve the proposed budget and another member seconded the motion; the Chair said the next step was to present the proposal on the 12th and to deliver the proposed budget to Cynthia for official posting.
