• Tentative Budget Filed on March 20th

 Budget General Fund – $2,487,314

Appropriated Fund Balance – $150,000

Tax Rate Montgomery

2016-2017 = $12.63

2017-2018 = $14.02

Increase = 11 % which is equal to $1.38

2016-2017 – $150k assessed home paid $1,894.00

2017-2018 – $150k assessed home will pay $2,103.00

Increase of $209.00 which is $17.42 per month

2009-2010 to 2017-18 = 9 Budgets

Increase = $612.00

Average $68.00 per year

Tax Rate Hamptonburg

2016-17 = $9.10

2017-18 = $9.95

Increase = 9.3% which is equal to $.85

2016-17 – $150k assessed home paid $1,365.00

2017-18 – $150k assessed home will pay $1,492.50

Increase of $127.50 which is $10.63 per month

2009-2010 to 2017-2018 = 9 Budgets

Increase = $645.00

Average $71.67 per year

Budget Increases

Health Insurance up $17,465

Retirement up $38,000

Workman’s Compensation up $5,000

Economic Development up $20,000

New Police Vehicle (lease) $15,000

Employee Wage Increase of 1.5%

Police Budget

2016-17 – $367,762.00

2017-18 – $389,828.00

Increase 6% equal to $22,066.00