The Bourbon Town Council adopted Ordinance 2022-12 – Ordinance or Resolution for Appropriations and Tax Rates, the 2023 Budget, Tuesday evening in the amount to $1,647,825.
The adopted budget reflects the following amounts in each fund: Fund 0061- Rainy Day in the amount of $80,000, Fund 0101 – General in the amount of $1,109,850, Fund 0706 – Local Road and Street in the amount of $30,000, Fund 0708 – Motor Vehicle Highway in the amount of $331,975, Fund 1151 – Continuing Education in the amount of $6,000, Fund 379 – Cumulative Capital IMP (CIG TAX) in the amount of $30,000, and Fund 2391 – Cumulative Capital Development in the amount of $60,000.
The adopted Tax Levy was in the amount of $967,611 and was reflected in three funds: 0101 – General in the amount of $757,413, 0708 – Motor Vehicle Highway in the amount of $190,000, and 2391 – Cumulative Capital Development in the amount of $20,198.
The Adopted Tax Rate totaled 2.3541 and was reflected in three funds: 0101 – General at 1.8485, 0708 – Motor Vehicle Highway at 0.4637, and 2391 – Cumulative Capital Development at 0.0419.
Home-Ruled Funds not reviewed by the Department of Local Government Finance (DLGF) include 9500 – Home Rule Fund – EMS – Compton in the amount of $30,150, 9501 – Home Rule Fund – Fire – Compton in the amount of $50,000, and 9502 – Home Rule Fund – Park Donations in the amount of $10,000 for a total of $90,150.
Article provided by our news partners at The Pilot News, Jamie Fleury Staff Writer
