By Frank Lewis
New Boston Village Council passed the village’s fiscal 2016 operating budget by giving that budget a third reading Tuesday night. Included in the budget is the General Fund which is projected to carry over a balance of $64,675.46 going into 2016. Total projected revenues for 2016 are $1,673,100, for a total of $1,737,775.46.
“That gives you a total that you’re allowed to appropriate in our expenditures,” New Boston Mayor Junior Williams said.
According to the budget passed by council expenditures for 2016 are estimated at $1,693,600. That would leave a projected $44,175.46 in the General Fund to be carried over to fiscal year 2017.
“The budget is our forecast for the 2016 year and we have to have it down to the (Scioto) county by the (July) 20th,” Williams said. “They will generally look at it and agree that our figures are not way out of line and they will come back with a response to us that they agree that those numbers are within the limits of what are there.”
Williams said the full budget includes all the other funds the village utilizes in its day-to-day operation, including Street, Construction, Maintenance and repair; State Highway; Drug law Enforcement; Enforcement and Education; Indigent Driver; Crime Initiative; Fire Initiative; Police Training Grant Fund; Community Development; Fire Levy; Safety Tax Fund; Flood Defense; Motor Vehicle Account; Clerk of Court Computer Fund; Combined Sewer Overflow Reduction Fund; General Obligation Bond Retirement; other capital projects as well as the Warren Trust; and the Christmas Fund.
A public hearing for the budget was held prior to Council’s regular meeting on June 16, 2015 though there were no comments from the public. Two copies of the budget are on file in the office of the village clerk for public inspection.
Reach Frank Lewis at 740-353-3101, ext. 1928, or on Twitter @franklewis.