Coventry approves 2010 budgets; tax levy to decrease
COVENTRY – Coventry taxpayers should be happy with the town’s 2010 budget, decreases in which will be reflected by a lower tax levy this year.
“Both the general and highway (budgets) are less than they were last year,” reported Town Supervisor Janice O’Shea, during a budget hearing held Wednesday night at the Coventry Town Hall.
While there will be an incremental increase in Coventry’s fire budget, that amount will be more than offset by decreases in both the town’s general and highway budgets. As a result, residents will see a decrease in both the overall tax levy and tax rate.
The town’s proposed budget for 2010 totals $734,000, a decrease of $7,200 from 2009. The overall spending plan is comprised of the town’s general budget of $193,800; highway budget of $430,200; and fire budget of $110,000.
“I feel this is a workable budget,” said O’Shea, who explained her belief that the proposed spending plan balances the need to maintain services with fiscal responsibility.
The town will use its unappropriated surplus to further decrease the burden on taxpayers. As a result, $332,500 will be raised by the real property tax levy for town and highway. This represents a 6.4 percent, or $22,900, decrease from the prior year, the supervisor explained.
The town’s fire budget, proposed at $110,000, represents a $6,000 increase over the prior year’s figures. This is the volunteer department’s first increase in three years and is necessary because of training and equipment mandates, O’Shea explained.
According to the proposed spending plan, $107,500 of the department’s budget will be raised through the tax levy, a 3.3 percent increase. The remaining $2,500 will be generated through fundraising, including pancake breakfasts and coin drops. Last year’s budget was raised entirely through the tax levy.
“The town (general and highway) and the fire tax rate will cost property owners in Coventry the amount of $4.49 per thousand, a decrease of 39 percent from 2009,” O’Shea said, citing last year’s rate of $7.355 per thousand.
According to the supervisor, Coventry’s overall tax base increased in size by roughly $35 million from approximately $61 million to $96 million.
O’Shea stressed the need to stay within the budget in the coming year in the face of continuing economic problems.
“We need to be very frugal in our spending,” she said.
“Both the general and highway (budgets) are less than they were last year,” reported Town Supervisor Janice O’Shea, during a budget hearing held Wednesday night at the Coventry Town Hall.
While there will be an incremental increase in Coventry’s fire budget, that amount will be more than offset by decreases in both the town’s general and highway budgets. As a result, residents will see a decrease in both the overall tax levy and tax rate.
The town’s proposed budget for 2010 totals $734,000, a decrease of $7,200 from 2009. The overall spending plan is comprised of the town’s general budget of $193,800; highway budget of $430,200; and fire budget of $110,000.
“I feel this is a workable budget,” said O’Shea, who explained her belief that the proposed spending plan balances the need to maintain services with fiscal responsibility.
The town will use its unappropriated surplus to further decrease the burden on taxpayers. As a result, $332,500 will be raised by the real property tax levy for town and highway. This represents a 6.4 percent, or $22,900, decrease from the prior year, the supervisor explained.
The town’s fire budget, proposed at $110,000, represents a $6,000 increase over the prior year’s figures. This is the volunteer department’s first increase in three years and is necessary because of training and equipment mandates, O’Shea explained.
According to the proposed spending plan, $107,500 of the department’s budget will be raised through the tax levy, a 3.3 percent increase. The remaining $2,500 will be generated through fundraising, including pancake breakfasts and coin drops. Last year’s budget was raised entirely through the tax levy.
“The town (general and highway) and the fire tax rate will cost property owners in Coventry the amount of $4.49 per thousand, a decrease of 39 percent from 2009,” O’Shea said, citing last year’s rate of $7.355 per thousand.
According to the supervisor, Coventry’s overall tax base increased in size by roughly $35 million from approximately $61 million to $96 million.
O’Shea stressed the need to stay within the budget in the coming year in the face of continuing economic problems.
“We need to be very frugal in our spending,” she said.
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