Selmer passes budget on first reading
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Selmer Board of Aldermen passed the fiscal year 2011-12 budget on first reading last Tuesday.
Total revenues are projected to be nearly $11 million, while expenditures are nearly $9 million.
The property tax rate for the next fiscal year was set by the board at $0.806 per $100 value.
The budget projects revenues in the general fund of nearly $3.1 million and expenditures of $3.3 million.
This fund is projected to have a balance of $1.7 million at the end of the current fiscal year on June 30.
For the specialized funds, expenditures are $82,535 for the Drug Fund, $151,610 for the State Street Aid Fund, $593,421 for the Sanitation Fund, $2,984,308 for the Water/Sewer Fund and $2,306,000 for the Natural Gas Fund.
Revenues for these funds are $76,353 for the Drug Fund, $127,500 for the State Street Aid Fund, $486,350 for the Sanitation Fund, $2,983,070 for the Water/Sewer Fund and $1,941,015 for the Natural Gas Fund.
The budget will require one more reading for final approval.
The board dealt with 11 other items during the 30-minute meeting.
On a 3-2 vote, the board approved spending $10,000 to start the process of cleaning the Dixie property.
Vice-Mayor Paul Simpson and Alderman John Smith voted against this proposal while aldermen Edward Smith, John Finlayson and Lloyd Tennyson voted in the affirmative.
The purchase of this property, slated to become a park, was completed around the first of the month.
The board extended the contract with Redflex for speed enforcement radars and cameras until 2020 under the same terms of the existing contract, which expires in 2012.
They also voted to install cameras at the Wal Mart intersection under the same terms as existing cameras.
Redflex reportedly found 1,300 speeding violations and 137 red light violations in a 12-hour period at this intersection during a study.
The Board scheduled a personnel hearing for Jody Smith for May 23.
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