Troy officials plan to maintain tax rate

Troy officials plan to maintain tax rate

Posted: Tuesday, August 5, 2008 9:21 pm
By: Donna Ryder Messenger Associate Editor

By DONNA RYDER Messenger Associate Editor Troy’s mayor and board of aldermen Monday night stated their intentions to exceed the certified tax rate. The board wishes to retain the $1.70 per $100 of assessed property which it has had for several years. Mayor Jimmie Hart informed the board that he had received the state certified tax rate and that it is $1.5643. “I feel like the certified tax rate will not be enough to meet the budget. You don’t have to accept it,” he told the aldermen. “If we stay with the normal tax rate of $1.70, we will get a little more money because of an increase in the appraisal value.” Alderman Jesse Whitesides agreed, saying there was no way the town could get by with the exact amount of money as last year. “We can’t, in my opinion, leave it at the certified tax rate.” The mayor added that the cost of everything the town has to buy continues to go up and has “gone up above our income. We either do it now or later.” “If we don’t get it here (in property taxes), we will have to get it somewhere else,” alderman Hoyt Sampson said. “Or cut services,” Hart responded, saying the town has been able to get by because it has a fund balance. During its meeting July 21, the board received a copy of the proposed budget. What the aldermen saw were accounts in which expenditures exceeded revenues. They included general fund revenues of $678,405, while expenses are estimated at $704,997; state street aid fund revenues of $37,500 and expenditures of $52,292; solid waste fund revenues of $131,000 and expenditures of $148,990 and drug enforcement fund revenues of $4,150 and expenditures of $10,000. Both the water and sewer funds are expected also to operate at a loss in the coming fiscal year. Also Monday night, at the request of alderman Deanna Chappell, the board agreed to increase the employees’ pay raises from 2 percent to 3 percent. It’s a difference of $2,000- $3,000, the mayor said. Hart said he will have to supply the board with the correct budget figures noting that change at the next meeting. The next step for the board is to set a public hearing so residents may state their opinions on the tax rate. In other business, the board: • Heard the July dog pound report. It includes 22 dogs being picked up. Two were claimed by their owners, four were adopted, 13 were sent to rescue and three were euthanized. It was also noted that one kitten was picked up after being hit by a car. • Approved a request by animal control officer Chandra Davis to use $450 donated to the town for animal control training. She plans to attend a national cruelty investigation school. The total cost will be $700, of which she said she would raise the remainder. Mrs. Davis also noted she has been able to obtain free dog food for the town’s animal shelter for the next two years. • Renewed three CDs. • Passed the flood ordinance on third and final reading and appointed Glenn Rudd, Joyce Turner, Susan Hopper and Paul Buckner to the Flood Plain Review Board. • Learned the water department has been inspected and received a score of 97. Hart said the three points were taken off because it is now recommended that the overflow pipe on the water tank be fitted with a flapper valve, instead of a screen. • Decided to get bids on resurfacing the streets before deciding which roadways to overlay. One on the top of the list will be Wolverine Road, which was skipped last year because trucks traveling to the new ethanol plant near Obion were using the road. Hart noted it has been estimated it will cost $80,000 per mile to hot mix the roads. • Received copies of the financial statement. • Heard Hart has filed all the appropriate paperwork to have the state pay for relocating utilities which will be displaced by I-69 construction. • Learned from Industrial Board chairman Mark Watson that the spec building is in and will be installed once the foundation is completed. Watson, who is also the town’s fire chief, informed the board a Red Cross first aid refresher course will be held at 6 p.m. today at the fire department. It is open to the public and will cost $15 per person. He also said he and fellow firefighter Paul Matheny attended a vehicle extrication class recently in Rives. Associate Editor Donna Ryder can be contacted by e-mail at dryder@ucmessenger.com. Published in The Messenger 8.05.08

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