Wednesday, May 29, 2024
61.8 F

Irvington shares first look at 2020-21 budget forecast

Jackie Nunnery

by Jackie Nunnery

IRVINGTON—The Irvington town council on March 12 held a special work session to review the first draft of the budget for the upcoming fiscal year.

In sharing the projected revenues, down 7.75% versus the current fiscal year to $187,900, council member Bonnie Schaschek expressed concern about the economy and how it would affect some revenues. “We’re going to fall short in certain areas and it needs to be noted,” she said.

The bank franchise income is expected to be down 1% from last year to $9,000. “Deposits are going down, interest rates are going down and we’re not quite sure what’s happening in the financial market,” Schaschek said.

Other revenue categories projected to be lower include…

There's more to this story...
Are you a subscriber? 

 Log in

Many more news articles, photos and ads are available only to those
subscribe to our printed newspaper or our online e-Edition.

Pick up a copy or Subscribe today!

Rappahannock Record Staff
Rappahannock Record Staff
From the Rappahannock Record news team

Follow us on Social Media

Your Local Weather

clear sky
61.8 ° F
65.9 °
56.9 °
89 %
0 %
77 °
73 °
71 °
75 °
74 °