ENM works on budget plan

The Elko New Market City Council continues to work on its 2018 budget as it went over a revised draft during a recent workshop.

City staff on Thursday, Aug. 24, presented changes that have already been made to the draft. City Administrator Tom Terry said their intent was to go over each department’s budget. They also went over several items including the general fund revenue, general fund expenditures, capital outlay and community events.

The revised draft budget presented at the workshop proposed a levy of $2,146,660, which is an increase of $91,977 or nearly five percent from the 2017 levy. It was noted based on information from the Scott County Auditor’s Office, the city’s proposed levy in its draft budget will result in an estimated increased tax impact of 3.2 percent, or $35.86, for the “typical” home. This is down 6.2 percent from what was presented to the council at its August 10 workshop. Approximately 28 percent of homes experienced an increase in assessed value less than the “typical” home and would experience an average decreased tax impact of 11.5 percent or less (23 percent would experience an average decreased tax impact of 15.4 percent or less). The weighted average tax impact for homestead residential properties would be an increase of 2.47 percent, which is down from 5.42 percent as presented on August 10.

The General Fund operating expenditures are projected to increase by $95,024 from the adopted 2017 budget. There are six notable changes, which include:

To see what the changes are pick up the September 7, 2017 print edition of The New Prague Times.