Town OKs spending plan
NORWICH – The Town of Norwich’s 2008 budget passed unopposed following a special public hearing Thursday.
The floor was open to the public at approximately 7 p.m. and after no one chose to comment on the proposed budget, the hearing was concluded by 7:10 p.m.
“We are proud of the budget. We seem to have a grasp on the town’s expenses and a good flow in revenue,” said Town of Norwich Supervisor David Law.
The budget will see an overall increase of 4 percent for the upcoming year, but, due to the growth and increased revenue in the area in the past year, residents will actually pay less in taxes.
It helps that the Town of Norwich has no general tax. General taxes, which are composed of the supervisor’s salary, the highway superintendent’s salary, the assessor’s, the attorney and other costs, are covered by either sales tax or other additional income, said Law.
Law said keeping the taxes low and building the town’s economy are important aspects of his job.
Currently the town’s assessed value or worth, on paper, is $106,803,477 compared to last year’s $104,242,106. Law explains the town’s growth has enabled it to keep the taxes down.
During Thursday’s meeting, the board discussed at length every aspect of the upcoming year’s budget. Topics of discussion included how to include the salary of the highway superintendent position, which was vacated last month. Although one has not yet been appointed, it was determined that $28,000 would be set aside in the budget to cover the salary and possibly increase it when a superintendent is appointed.
This year’s fire contract tax was also passed Thursday. Residents will pay $4.92 per thousand, down from a total of $5.31 per thousand last year.
The highway tax, which Law says is a large portion of expenditures, was lowered after the council chose to make an amendment to have it cut back Thursday. It was approved that the tax would be .99 cents per thousand instead of the $1.18. “Lowering it to under a dollar per thousand sounds good to me,” said Councilman Adam Evans.
Law attributes the low tax rate to the overall growth he has seen throughout the town over the past year. “The town grew in outlying districts ... there are new homes, the Rt. 12 corridor, people moving in and continuous growth have reduced taxes in the town even though there was a 4 percent increase. The board meeting was concluded after an overall approval of the budget was passed with an unopposed vote by all its members.”
The floor was open to the public at approximately 7 p.m. and after no one chose to comment on the proposed budget, the hearing was concluded by 7:10 p.m.
“We are proud of the budget. We seem to have a grasp on the town’s expenses and a good flow in revenue,” said Town of Norwich Supervisor David Law.
The budget will see an overall increase of 4 percent for the upcoming year, but, due to the growth and increased revenue in the area in the past year, residents will actually pay less in taxes.
It helps that the Town of Norwich has no general tax. General taxes, which are composed of the supervisor’s salary, the highway superintendent’s salary, the assessor’s, the attorney and other costs, are covered by either sales tax or other additional income, said Law.
Law said keeping the taxes low and building the town’s economy are important aspects of his job.
Currently the town’s assessed value or worth, on paper, is $106,803,477 compared to last year’s $104,242,106. Law explains the town’s growth has enabled it to keep the taxes down.
During Thursday’s meeting, the board discussed at length every aspect of the upcoming year’s budget. Topics of discussion included how to include the salary of the highway superintendent position, which was vacated last month. Although one has not yet been appointed, it was determined that $28,000 would be set aside in the budget to cover the salary and possibly increase it when a superintendent is appointed.
This year’s fire contract tax was also passed Thursday. Residents will pay $4.92 per thousand, down from a total of $5.31 per thousand last year.
The highway tax, which Law says is a large portion of expenditures, was lowered after the council chose to make an amendment to have it cut back Thursday. It was approved that the tax would be .99 cents per thousand instead of the $1.18. “Lowering it to under a dollar per thousand sounds good to me,” said Councilman Adam Evans.
Law attributes the low tax rate to the overall growth he has seen throughout the town over the past year. “The town grew in outlying districts ... there are new homes, the Rt. 12 corridor, people moving in and continuous growth have reduced taxes in the town even though there was a 4 percent increase. The board meeting was concluded after an overall approval of the budget was passed with an unopposed vote by all its members.”
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