Expenses, Revenue Both Down, Tax Levy Up
November 19, 2014
New levy increases $7,141
Barry Featheringill
Sullivan Reporter
Once again the city of Sullivan had the first reading of the ordinance for the levy and assessment of taxes for the fiscal year beginning May 1, 2014 and ending April 30, 2015. This year the total appropriation, or money spent, of $28,173,950.00 is down from past year’s total appropriation by $663,850.
“This reduction is due to several factors but mainly fewer transfers from general fund, fewer gas fund purchases and a reduction in the water and sewer department expenses since the construction projects will not be completed in the fiscal year as had been previously hoped,” explained city treasurer Myron Salmon.
The receipts from sources other than the tax levy are also down by $697,991 from last year, and the amount raised by the new tax levy represents an increase of $7,141.