Town of Lockport approves tentative 2013 budget
Thursday September 27, 2012 | By:Rikki Cason | News
A tentative budget was approved Wednesday for the Town of Lockport.
The $14.3 million proposed 2013 budget is a $51,455 or .93 percent budget to budget increase from 2012.
Town Supervisor Marc Smith said the budget is not final and they have plenty of time to make changes. The public will be able to share their input with the town. The tentative budget is now available to view on the town’s website.
A public hearing will also take place at 7:30 p.m. Nov. 7, during the town’s board meeting. The board also plans to adopt the final budget that night.
“It is a really good start,” said Smith. “It’s a great tentative budget. This isn’t written in stone.”
Lockport homeowners are estimated to pay $695.92 for a home assessed at $100,000. That is a decrease of $6.42 from 2012.
In the Lincoln Village subdivision, a home assessed at $70,000 will see a $4.50 decrease and in Carlisle Gardens, a home averaged at $110,000 will see a $7.64 decrease from 2012.
There is no general tax in the town, but there are fees for refuse and recycling and taxes on special districts, such as water and sewer.
To offset a slight increase in the refuse program, the town has decided to use money from a fund balance to not raise fees.
The budget also includes several one-time expense projects needed to maintain town facilities, such as park and parking lot improvements.
Smith said this leaves room in next year’s budget to cut back and not do as much, if needed.
The $14.3 million proposed 2013 budget is a $51,455 or .93 percent budget to budget increase from 2012.
Town Supervisor Marc Smith said the budget is not final and they have plenty of time to make changes. The public will be able to share their input with the town. The tentative budget is now available to view on the town’s website.
A public hearing will also take place at 7:30 p.m. Nov. 7, during the town’s board meeting. The board also plans to adopt the final budget that night.
“It is a really good start,” said Smith. “It’s a great tentative budget. This isn’t written in stone.”
Lockport homeowners are estimated to pay $695.92 for a home assessed at $100,000. That is a decrease of $6.42 from 2012.
In the Lincoln Village subdivision, a home assessed at $70,000 will see a $4.50 decrease and in Carlisle Gardens, a home averaged at $110,000 will see a $7.64 decrease from 2012.
There is no general tax in the town, but there are fees for refuse and recycling and taxes on special districts, such as water and sewer.
To offset a slight increase in the refuse program, the town has decided to use money from a fund balance to not raise fees.
The budget also includes several one-time expense projects needed to maintain town facilities, such as park and parking lot improvements.
Smith said this leaves room in next year’s budget to cut back and not do as much, if needed.
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