Greenwood budget proposal holds line
Greenwood town officials have managed to hold the line on the proposed FY'13/14 budget, despite their assumption the town will get nothing from the state in municipal revenue sharing.
Residents will vote on the $2,149,555 budget at the May 18 town meeting.
The figure, which includes an estimate for the share of the SAD 44 budget, is up a minimal $5,000 from last year.
If approved, the 11.65 mil rate would remain steady, Town Manager Kim Sparks said.
Because Gov. Paul LePage has proposed a biennial budget that would eliminate $238 million statewide in municipal revenue sharing, as well as reimbursements for General Assistance, Greenwood isassuming it will receive no funds this year.
“We’re playing it safe,” said Sparks.
In 2012 the town received $43,254 in revenue sharing and $2,000 in General Assistance.
To help counter the possible loss, the town proposes to put aside less money for the Overlay Account – about $20,000 as compared to $74,000 last year, Sparks said. Overlay provides funds for such things as unexpected expenses and tax abatements.
The Budget Committee and department heads also found a total of $66,215 in savings to largely offset a projected $74,000 hike in the school share.
Most of the savings would come from the Highway Department Account, through cutting back on road projects.
The town has approximately $842,000 in its Undesignated Surplus Account, but Sparks said officials decided against using any of the funds to offset taxes. The town proposess to use $130,000 from the account to build a new town office.
Should some or all the revenue sharing/General Assistance be restored in the final state budget, the funds would likely be added to Overlay, Sparks said.
A public hearing on the budget proposal is scheduled for April 23 at 5 p.m. at the Town Office.
Elected officials whose seats are up for a vote this year are Selectman Fred Henderson and School Director Dick Melville. Sparks said they are expected to run again.