The Bourbon Town Council met on Tuesday, September 26 at 6 p.m. to formally adopt the 2024 Budget.
As advertised the following funds were adopted in the following amounts without further adjustments:
Fund 0061 RAINY DAY $80,000, Fund 0101 GENERAL $1,211,015 (Adopted Tax Levy $825,119 / Adopted Tax Rate 1.6283), Fund 0706 LOCAL ROAD AND STREET $35,000, MOTOR VEHICLE HIGHWAY $331,545 (Adopted Tax Levy $190,000 / Adopted Tax Rate 0.3749), Fund 1151 CONTINUING EDUCATION $0, Fund 2379 CUMULATIVE CAP IMP (CIG TAX) $0, Fund 2391 CUMULATIVE CAPTIAL DEVELOPMENT $40,000 (Adopted Tax Levy $24,980 / Adopted Tax Rate 0.0419). The adopted budget totaled $1,697,560 (Adopted Tax Levy $1,040,099 / Adopted Tax Rate 2.0451).
Home Ruled Funds (Not reviewed by the Department of Local and Government Finance (DLGF) were adopted as follows:
Fund 9500 Home Rule Fund – EMS – Compton $26,400, Fund 9501 Home Rule Fund – Fire – Compton $50,000, Fund 9502 Home Rule Fund – Park Donations $10,000, and Fund 9503 Home Rule Fund – Redevelopment Commission $80,000 for a total of $166,400.
The Bourbon Town Council will meet again on Tuesday October 10 at 6 p.m. for the regularly scheduled meeting in the Town Hall.
