By Colleen Mahoney
The preliminary 2016 budget for the Town of Great Valley was approved by the town board at its Monday, Oct. 12 meeting. Preliminary budgets must be adopted by the board before it can become the official budget.
The preliminary budget outlines estimated revenues of $421,247 for the town’s general fund, which includes $295,949 in real property taxes. The highway department’s budget of $616,653 reflects $101,500 of anticipated non-tax revenue plus $515,153 in property tax revenue.
The total budget of $1,087,215 also includes special district lighting, sewer and water funds; the total to be raised through property taxes is $853,417.
The board set a public hearing for Oct. 26, at 7 p.m. Pending public comment, the board will then formally adopt the 2016 town budget.
During the board meeting, the board approved shifting $7,000 to the real property estimated tax revenues. Town Supervisor Dan Brown explained that the $7,000 was loaned to the Bonne Vale Water District for infrastructure repairs; that money will be repaid to the town through specials district taxes.
In highway department business, Brown told the board that the department has the opportunity to purchase a 2014 demo-model excavator with roughly five hours on it for a price that is $100,000 less than a non-demo model. Currently the department is using a 2003 model excavator.
Brown said that the town is looking into using Consolidated Local Street and Highway Improvement Program (CHIPS) funds to purchase the demo model.
The board authorized Town Highway Superintendent Jack Harrington to put the town’s 1990 Mack Truck excavator out to bid.
The next Great Valley Town Board meeting will be held on Monday, Nov. 9, at 7 p.m.