The Town of Webb Board held a public hearing on Tuesday, November 6, to discuss the Preliminary Budget for 2013 in the Town of Webb.
Following the hearing, the board voted unanimously to adopt the document as the Town’s Final Budget for 2013.
The total revenue for 2012 is projected to be $5,582,906, an increase of $218,323 over last year’s budget.
The General Fund allocation for 2013 is $7,928,622. That amount is up from $6,682,906 in 2012 for an increase of $1,245,716.
Offsetting those allocations are estimated revenues of $3,904,005. Those revenues are up from $2,870,859 in 2012. Also offsetting is $1,310,500 in unexpended balance from 2012, which is being applied.
That amount is being increased by $210,500 from 2012.
That makes the General Fund amount to be raised by taxes $2,714,117 in 2013.
Total Highway Allocations are $915,452 before applying estimated revenues of $225,700 and unexpended balance of $80,000.
That makes the Highway amount raised by taxes $607,752.
The total amount to be raised by taxes is $3,323,869 for both General and Highway. Continue reading