BROCTON Village of Brocton trustees resolved to adopt its 2012/2013 budget, which was presented with a slight increase, breaking a five year streak of zero tax rate increases.
"This is the first small increase in the tax rate in five years, and it's up by about 10 cents," stated Brocton Mayor, Dave Hazleton.
According to the resolution authorizing the 2012/2013 general budget for the village, in the amount of $630,193, the tax rate has been set as $11.06/$1,000 of assessed valuation. Expected revenues are estimated at $283,585; $50,800 remains in the unreserved fund balance; and $295,808 is expected to be raised from taxes. The village's fiscal year will commence on June 1 and end on May 31, 2013.
Water, sewer and electric budgets were also adopted as presented Wednesday. Brocton's electric budget was approved in the amount of $695,080; expected revenues total $670,671 and $24,409 remains in the unreserved fund balance. The water budget in the amount of $431,517 was approved with anticipated revenues of $365,350 and $66,167 in the department's unreserved fund balance. The wastewater budget was authorized in the amount of $456,043, with expected revenues amounting to $318,500 and $137,543 totaling the unreserved fund balance amount.
In other matters, Electric Lineman Joe Majkowski was authorized by the board to advertise for sealed bids for timber taken off of the electric department's property this year. Sealed bids should be returned no later than May 2 at 4:30 and will be opened at that evening's next regular board meeting.
The village board will meet next on May 2 at 7 p.m. at the Village Hall meeting quarters. The public is welcome and encouraged to attend meetings.
