TC 2003 - Laserfiche WebLink

Home Browse Search

s~~~ could be in it and do not know where that money is going and in the Fire Department budget every amount has a designated place. Councilman Mathis explained that, unfortunately, employees are forever, retirement payments, insurance, etc. So, when you make a decision to hire someone these payments are forever. Their budget has increased and the Town has land for a new fire station and want to build the station and he agreed with her that Les and his crew had done an outstanding job out of a 1.970 building. He applauds them for that. He went on to say that with the dual response the Town and Brown Township have partners. This has certainly helped the financial situation for Mooresville and Brown Township. Councilman Mathis said we don `t know actual amount of tax money that will be received. He likes to have a cushion: A lot of towns are broke right now and Mooresville is not. Mrs. Welker said, but is $200,000 extra needed. Councilman Mathis said this money could be used for a lot of different things. He said the Council does not spend the money foolishly. Mrs. Welker said she knew that and she respected the council on that. She said that when you have as much money in the different funds, and receive Food and Beverage every month...Councilman Mathis said that is used far sewer, a lot has been done on the north end and there is more to be done. He said should we spend it dawn to nothing, no, a little cushion is needed in case there is a problem. He doesn't want to be completely broke when something in the Town breaks, then nothing can be done. Mrs. Welker said she didn't think the Town would be broke. Councilman Mathis said this was something he prays about all the time, he doesn't know how much money to keep. Mrs. Welker said some people don't have the funds the Town has, and Councilman Mathis said, but some people have funds Mooresville doesn't have, some have EDIT money and Mooresville does not. He said EDIT money is far more money than Food and Beverage and can be used for a multitude of things. "But, that is a story for another day." A motion was made by Councilman Clark, a second by Councilman Worthen to approve the Utility Department budget in the amount of $ 209,250.00. Motion carried S-0. A motion was made by Councilman Wazthen, a second by Councilman Clark to approve the Fire Department budget in the amount of $1;234,716.00. Motion carried 5-0. A motion was made by Councilman Mathis, a second by Councilman Bryant to approve the EDC budget in the amount of $107, 525.00. Motion carried 5-0. A motion was made by Councilman Bryant, a second by Councilman Worthen to approve the Park and Recreation budget in the amount of $639,483.00. Motion carried 5-0. A motion was made by Councilman Worthen, a second by Councilman Mathis to approve the CCD budget in the amount of $707,354.00. Motion carried 5-0. A motion was made by Councilman Bryant, a second by Councilman Clark to approve the Police Department budget in the amount of $1,812,003.00. Motion carried 5-0. A motion was made by Councilman Worthen, second by Councilman Clazk to approve the MVH budget in the amount of $818,836.00. Motion carried 5-0. Councilman Bryant told Mrs. Welker that every year Town of Mooresville has received 100% of the tax draw and this year the tax commissioners said to expect 75% of tax draw. if 100°Io were to be collected this year the tax rate would be 60 cents including the $200,000 in the Town Hall. Mrs. Welker said she understands, but there aze funds already available and this was the taxpayer money. She said she has a hard time with the $3 million dollars setting around in funds when this could lower every property owner's taxes. The taxpayers don't have the privilege of getting tax abatements. Councilman Worthen asked what about Property Tax Replacement Credit? Mrs. Welker said she was talking about what taxpayers pay year after year and they pay for services in an area that they get no benefit from. She said about three-fourths of the Town was in the TIF District. She said that when the tax dollars are looked at there is $46 million that is in the TIF District that the taxpayer cannot get use of to lower the tax rate. And there are $23 million out in tax abatements that the taxpayers do not get the use of this revenue. She said that is $70 million that does not go to offset the tax bill. She said she didn't think it was too much to ask the council to take the $200,000 out of Town Hall, because almost $70 million was deducted out for T1F. Councilman Mathis asked her how many businesses would be in the Town of Mooresville since 1994 without tax abatement. Mrs. Welker said do you mean the industrial park. Councilman Mathis said from where we are at on down Highway 67. Mrs. Wellcer said she did not know. But she believes the industry and business would have come eventuall .Councilman Mathis sand ho ..._ _ _ .. _ ....__ . _ _._._. _.?_~.._---.__.. .. _~ _ ~_ .. w much 1_ 1