Respecting the Taxpayer in Walton, KY
A Gold Star to the government of Walton, Kentucky. From NKY.com:
Although the city's tax rolls are projected to increase by $20 million in the coming fiscal year, it does not plan to spend more money.
On Monday, Mayor Phil Trzop presented City Council with a $1.6 million operating budget for the fiscal year that begins July 1.
It calls for $938,000 in revenue, a $698,000 surplus carried over from this year, and $1 million in expenditures.
This year's operating budget was $1.7 million.
"In the city of Walton, our budget is based on last year's forecast: what we actually got in," Trzop said. "We can forecast (future revenues), but we don't spend them. The budget is built for what we actually got last year, and then we let the future take care of itself."
That will allow the city to keep from raising taxes. The proposed budget calls for the current rates of $1.06 per $1,000 of assessed value for real property and $2.31 per $1,000 for tangible property.
They expect a windfall, and cut spending. That's defending the taxpayer!
HAT TIP: COAST
