SANBORN – The Cambria Town Board will hold a public hearing on its proposed 2014 town budget at 8 p.m. Thursday in Town Hall, 4160 Upper Mountain Road.
The proposed $4.99 million budget includes a tax rate of $4.43 per $1,000 of assessed valuation for residents without sewers and $5.43 per $1,000 of assessed value for residents with sewer availability.
These tax rates represent a five-cent increase over the current rates.
Taxes remain steady in five of six special districts, with a five-cent increase in the highway tax to $2.03 per $1,000 of assessed value, according to Supervisor Wright H. Ellis.
Spending will increase in the highway fund by $55,000 in 2014 due to the rising costs of petroleum products used to repair and maintain roads, Ellis said.
In the other special districts in the proposed 2014 budget, the water rate remains flat at $1 per $1,000 of assessed value; fire protection remains the same at $1.30 per $1,000; the refuse and garbage district rate remains steady at $165 per unit; the rates for residents with sewers remains the same at $1 per $1,000, while the rate for those without sewer availability is 40 cents per $1,000 in the sewer district; and the drainage rate remains steady at 10 cents per $1,000 of assessed valuation.
Ellis said the town is proposing to take $344,000 from reserves in 2014 “to hold down the tax rate.”
“We have strong reserves in all funds except the highway fund, and we are actually taking $66,000 less out of reserves than we did last year (for the current budget),” he said. “We’ve reduced expenses in all funds, and that’s why our tax rate is staying pretty close to the current rate.”
The Town Board will hold a regular meeting following the public hearing, where Ellis anticipates adoption of the 2014 budget.
Under state guidelines, the town has until Nov. 20 to adopt the spending plan.