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Berlin, Ocean Pines News Worcester County Bayside Gazette Logo Berlin, Ocean Pines News Worcester County Bayside Gazette

410-723-6397

Snow Hill passes flat $2.46M budget for fiscal year 2017

(May 12, 2016) Property taxes in Snow Hill will remain at the established 86 cents per $100 of assessed value on real property and $1.82 per $100 on corporate personal property this year after a unanimous vote on second reading by the Town Council on Tuesday.
This rate on real property will provide the town with an estimated $880,000 to spend during the next fiscal year. The estimated revenue on corporate personal property should net about $106,000.
The town is also expecting a $450,000 grant from the county commissioners, but that budget has not yet been finalized. The town also gets a payment of $100,000 in lieu of taxes from the county, because county facilities are not subject to local taxes.
The state will kick in another estimated $110,000 on income taxes.
Other major revenue streams include salary reimbursement for emergency services personnel, which saves the town about $450,000, while metered water and sewer charges combine for a total of about $775,000.
In total, the town expects about $2.46 million in revenue during fiscal 2017.
As for expenses, the town expects them to cancel out the revenue without a surplus or loss at this stage in the process.
The single largest expense in the fiscal 2017 budget is salaries, at a cost of about $566,000 for rank-and-file employees. Police salaries are separate and will cost in excess of $354,000. Director-level jobs, overtime, and part-time or clerical staff are also separate, and come to a total of about $130,000.
Employee benefits are also a major expenditure, costing in excess of $350,000 next year.
From there, utilities, insurance, advertising, street maintenance, gasoline and solid waste tipping fees are the other major expenses.