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Posted: November 23, 2010 6:12 p.m.

Newborn prepares budget

The Newborn Town Council is expected to vote on a $306,026 budget for fiscal year 2011 at its Dec. 6 council meeting. The town’s fiscal year runs from January to December.

The proposed 2011 budget is $33,874 lower than last year, mainly because the town received a $27,580 one-time donation last year. The city also received several other donations to repair the old schoolhouse, which had its grand opening Oct. 2.

The city’s main revenue sources are its water charges, $100,000 per year; local sales tax, $76,000; beer and wine taxes, $24,000; and property taxes, $20,000. The city is expecting to collect $1,000 from package sales licenses, a fee it did not collect last year, according to budget documents.

The major expenses are salary and benefits for its three full-time employees, $103,698, bond payments, $45,963, water supplies, $36,000, fire service, $29,000, and street lights, $12,150. Payroll expenses increased $4,080 because of projected yearly pay increases.

The town’s budget could change significantly if the Board of Commissioners approves a SPLOST proposal that would give the town $193,340 more than it requested. Mayor Roger Sheridan submitted a SPLOST list of $142,500 in projects, but the board gave an informal consensus to approve awarding the town $336,840. Sheridan could not be reached for comment Tuesday.

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