Gluckstadt approves first full budget

Gluckstadt approves first full budget

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GLUCKSTADT — The city has approved a $3.5 million budget for its first full year of operation with a little room to spare.

Officials managed to keep things in the black with expenditures just over $2.5 million in the 6-0 vote at special meeting on Sept. 14. Alderman Miya Warfield-Bates was absent on maternity leave. 

Alderman Jayce Powell made the motion to pass the budget and Alderman Wesley Slay seconded. 

Mayor Walter Morrison said the budget was “well done” and “sufficient for our purposes.”

Total revenue predicted in the budget comes to $3,543,203 with total expenditures at $2,680,053 leaving a total end-of-the-year balance at $863,150.

The millage rate has been set at 12 mils. A mill is $1 per $1,000 of assessed property value.

The city expects a total of $2,018,540 to be collected from sources other than taxation including intergovernmental revenues, permits, licenses and fees and other fines. 

They expect to start the year with $163,870 in the beginning cash and investments balance. They also expect $1,360,793 in ad valorem taxes.

The budget predicts a total of $1,075,885 to be spent on the police department with $738,026 in personnel services alone. 

The Fire Department will have a budget of $29,308 total.

The most specific item on the budget was $77, 993 for street lights upkeep.

The board met in the Germantown High School Cafetorium. The budget will go into effect on Oct. 1.






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