Mineola council approves $8 million budget
publisher@woodcountymonitor.com
Mineola City Council adopted an $8,085,622 budget Monday following a public hearing last Thursday that drew no members of the public.
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Mineola council approves $8 million budget
Mineola City Council adopted an $8,085,622 budget Monday following a public hearing last Thursday that drew no members of the public.
The budget will be funded by a property tax rate three cents lower than last year, also approved on Monday. The council adopted the rate of 53.2 cents per $100 valuation because it does not raise any new revenue. The council also approved a budget that does not foresee any increase in sales tax revenues.
The budget includes general fund revenues and expenses of $5,396,349 and water and sewer revenues and expenses of $2,689,273.
The general fund includes police, $1,621,341; fire, $817,344; street, $1,286,293; administration, $544,501; Main Street/historic preservation, $158,952; and municipal court, $184,980.
Revenues include property tax, $1,287,660; sales tax, $1,484,600; franchise tax, $230,000; fines, $215,000; garbage (net revenue and expense), $208,000; and grants, $256,473.
Utility expenditures include water, $1,307,704; sewer, $425,466; and debt service, $908,223.
Revenues include water sales, $1,726,507, and sewer sales, $868,656.
The new budget year begins Oct. 1