Newton City Commissioners approved a notice for a public hearing regarding the 2013 budget and established the maximum limits of the budget.
The 2013 budget includes about $44 million in total expenditures and the estimated tax rate is 45.540 mills, the same rate as the previous year. The estimated tax rate could vary slightly based on final assessed valuation, however.
According to Lunda Asmani, assistant city manager for budget and finance, this locks in the budget, and while the commission can reduce expenditures, it cannot increase them.
The City Commission will conduct a public hearing on the budget at 7 p.m. Aug. 14 in the City Commission Room, 201 E. Sixth St. Taxpayers will be able to ask questions and share concerns they may have about the 2013 budget.
Detailed budget information is available at the office of the city clerk at 201 E. Sixth St.
At their Tuesday meeting, commissioners also learned about two awards given to the city:
• The 2011 Comprehensive Annual Financial Report Award, for going “above and beyond” requirements, Asmani said.
• The 2012 Distinguished Budget Presentation Award from the Government Finance Officers Association.
City Commission sets budget hearing
Jul 26, 2012 at 12:01 AM Jul 26, 2012 at 9:26 PM