The Stanly News and Press (Albemarle, NC)

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May 22, 2013

Norwood reviews budget

Wednesday, May 22, 2013 — The town of Norwood had the first reading of its proposed 2013-2014 budget during a special meeting Monday night.

“We’ve had a lot of board input this year,” Town Administrator Dwight Smith said.

Based on the proposed budged, as in the previous year, Norwood residents will see no increase in either property or water taxes.

The proposed General Fund budget is a little over $1.8 million, with $977,000 of that coming from property taxes. The recent property revaluation, which is required by the state, resulted in the town expecting a tax revenue increase of approximately $10,000. Despite this, Smith said that the General Fund is in good shape and has about $100,000 more than last year’s fund.

Allocations for the police department have increased by $35,000 due mostly to the addition of a part-time police officer. Funds will also be used to purchase new office equipment for the department and a new police car.

The budget for the fire department, on the other hand, has decreased. The department has completed payments on one fire truck and plans to purchase a new one with a 10-year lease.

The purchase of a new street sweeper could be in the town’s future. With the current street sweeper out of commission, Smith said that the purchase of a new and updated sweeper could be beneficial to the town.

Allocations to the Parks and Recreation Department are proposed to be used for building repairs, matting for playground equipment and staining the gazebo. Smith noted that $8,000 would be needed to replant grass at the park.

The Enterprise Fund, which has increased considerably from last year, is at more than $1 million. The figure includes $100,000 from Union County.

Smith said in last year’s budget he had misjudged the amount of chemicals needed at the water plant and underestimated the sale of water and electricity. In addition, the wastewater budget is up $35,000.

A public hearing for the proposed 2013-2014 budget will be at the next regular meeting at 7 p.m. June 3 at Norwood Town Hall. The budget is scheduled to be adopted June 18.

Erica Benjamin is a freelance contributor for The Stanly News & Press.

 

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