Connellsville balances budget; no tax hike expected
Connellsville City Council will present a balanced 2011 budget with no tax increase when it meets next week.
At the second and final budget workshop Wednesday, Treasurer Judy Keller provided up-to-date income figures and Councilman Brad Geyer, chairman of accounts and finance, used the new numbers to balance the budget.
Revenues were projected at $2.899 million, with expenses at $2.893 million.
“We’re $5,420 to the good,” Geyer said. “We’ll take that off the (projected) current year levy of real estate taxes. Geyer had originally projected $960,000. He reduced it to $954,580.
“On the revenue side, we always project high,” Geyer said. “We don’t get that, but we don’t spend as much as projected, either.”
This figure will more accurately reflect the value of city property, now valued by the county assessment office at $166 million, a drop of $1.1 million from this year.
Mayor Charles Matthews said this translates to about a $9,000 loss.
Keller said that at the unchanged tax rate of 6.66 mills, council could collect as much as $1.103 million in property taxes.
Geyer also reduced projected residence and per capita taxes to $12,000 each, down from $14,000 each, to reflect actual revenue.
The $90,000 projected for police fines does reflect current income. Keller said $86,675 has been collected to date.
“I’m happy at this point,” Geyer said. “A balanced budget with no tax increase after two meetings.”
Council will meet at 7 p.m. Nov. 18 in city hall to vote on the budget, as well as other matters.
Once the tentative budget is adopted, it will be available for public view and comment for 30 days. Council must pass a final balanced budget by Dec. 30.