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Budget officer proposes $395,000 in fund-balance offsets for lighting and highway accounts

Town Board of the Town of Hunter · October 17, 2024
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Summary

Budget Officer Lara Hamrah-Poladian proposed using fund balance to offset multiple town accounts — $200,000 for A, $25,000 for B, $110,000 for DA and $60,000 for DB — and proposed adjustments to DA lighting lines to reduce what must be raised by tax.

Budget Officer Lara Hamrah-Poladian proposed using fund balance to offset lighting districts and other accounts to reduce the tax levy required.

She listed specific allocations: "She has budgeted $200,000 of fund balance for A, $25,000 for B, $110,000 for DA and $60,000 for DB," and highlighted small lighting district figures: SL1 $500, SL2 $9,000 and SL3 $700. She offered an alternative tax-rate approach removing $60,000 from DA5142.2 and $31,500 from DA5142.21 while leaving $110,000 in DA fund balance.

The board discussed these allocations as part of broader budget balancing; Hamrah-Poladian said she can work a tax rate scenario to reflect the proposed fund-balance uses.