There are no projected water bill or tax increases in the proposed 2011-2012 budget for the Town of Frankford. The town council on May 31 discussed possible cuts to the current budget, to balance it out for the next year, with total revenue and expenditures both at $472,845.
The current tax rate of $2.50 per $100 of assessed value and the current water rate of $8.75 per thousand gallons would stay the same under the proposed budget. The council added an additional $10,000 to the park budget, making it $15,000 total in order to be able to receive a matching grant of $12,500 for park equipment.
A raise for the town’s four employees was also built into the proposed budget, about $3,900 total. Town Clerk Terry Truitt said that, if it is passed in the final budget, it would be the first raise for town employees in four years.
Because several of the budget areas were “hit hard,” as Truitt put it, and the budget had been scaled back quite a bit from the previous year, the council was initially left with $29,948 more revenue than expenditures after discussing the various line items in the draft budget.
They proposed to re-allocate that money to balance the budget, putting money back into the budget for water treatment chemicals; for the park, to make sure money would be there to receive the matching grant for equipment; for water department heaters; for building maintenance at town hall; for office expenses; and for the wage increases.
A second public hearing for the proposed 2012 budget, at which residents may comment, will be held on Monday night, June 27, at 6 p.m.