SHERIDAN – The Town of Sheridan budget for 2014 was approved Thursday following a public hearing before the Town Board in the Community Center.

The new budget will increase the tax rate from $5.15 to $5.33 per $1,000 of assessed valuation.

The budget, which totals $1.26 million, reflects an increase in spending of $33,804 over the current year. The town has projected increased costs in the fees to the New York State Retirement Fund of $20,200 and additional payments to the Chautauqua County Workers’ Compensation Insurance Fund of $7,700.

Debt payments from long-term bonds for renovations resulted in $7,200 in interest payments added to the budget.

Budget Officer Elmar Kiefer said the town has seen lower sales tax revenue this year.

Board members also acted on bids for work at the former St. John Bosco Catholic Church building, which is set to become the courthouse for the town. Two bids were received for work in the building. The low bidder was Cope Builders at $51,948. The second bid was $109,000 from SA Industries.

The board unanimously accepted the lower bid.

Work on the project is expected to be completed in 45 days.

In other matters:

• Sheridan Town Court posted $39,904 in revenue from fines and fees in October, and 332 vehicle and traffic cases were heard during the month.

• The Community Center will be the site of a meeting at 6 p.m. Nov. 19 to address concerns about the local post office, which faces the prospect of reduced window hours and more rural mail delivery. The changes are part of the Postal Service’s efforts to consolidate services.

• Board members learned the Chautauqua County Department of Public Facilities is conducting a study to determine if the speed limit should be reduced on Center Road.