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Martin budget passes first reading

Martin budget passes first reading

Although there was little business to discuss for the City of Martin’s Board of Mayor and Aldermen during a special meeting held Tuesday evening, the items on the agenda were considered “big business” for the group.
The City of Martin has been operating at 15 percent of its Fiscal Year 2011-12 budget since the turn of the new fiscal year. After several Finance Committee meetings, board members were prepared to vote on a finalized FY 2012-13 budget during their meeting Tuesday.
Included in the budget were the following:
• General Fund expenditures (including debt payments) – $7,909144;
• State Street Aid expenditures – $233,500;
• Library Gift Fund expenditures – $41,000;
• Cemetery Fund expenditures – $31,850;
• Drug Enforcement Fund expenditures – $27,700;
• Solid Waste Fund – $1,327,968;
• Water and Sewer Fund – $2,878,223; and
• Natural Gas Fund – $3,671,184.
The FY 2012-13 City of Martin budget also set the property tax rate for citizens of the town at $1.4772, which is the same rate as the last year.
Employees will also receive a one-time $500 boost with the passage of the new budget.
Board members approved the first reading of the FY 2012-13 budget.
Tuesday evening also served as the public hearing for the upcoming fiscal year budget for the City of Martin. There was no public input at the board meeting.
Board members will be asked to approve the new budget one final time during their September monthly board meeting.
In similar news, the board agreed to allot funds to certain charitable organizations for the upcoming year.
Appropriations to certain non-profit charitable organizations included:
• Kiwanis Club Christmas Parade – $1,000;
• Community Developmental Services – $2,500;
• Soybean Festival – $25,000;
• Carl Perkins Center for the Prevention of Child Abuse – $1,500;
• Miss Tennessee Soybean Scholarship – $2,750;
• Weakley County Reading Railroad – $5,000; and
• American Cancer Society Relay for Life – $250.
The board will meet again at 5:15 p.m. Sept. 10 in the city hall courtroom.

WCP 8.30.12

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