by Lisa Hinton-Valdrighi
WHITE STONE—The White Stone Town Council began its fiscal year 2023-24 budget discussions March 2 as town manager Patrick Frere presented the expected revenues.
According to Frere, who reported on behalf of the finance committee, the anticipated revenues for 2024 will increase by $10,792 over the current fiscal year, from $226,545 to $237,337.
The only line items reflecting a decrease are fines, tag sales and permits. The committee anticipates a $1,000 increase in bank franchise taxes, another $3,000 each in the prepared food tax and local sales tax, and a $5,000 rollover in the general fund balance.
“We’ve taken a cautious approach to what we see for the town and it’s usually worked for us,” said Frere. At the end of this fiscal year, the committee expects the town finances “to be $30,000-$40,000 to the good but we only project about $19,000.”
Frere and the committee will meet again in March and present the expenditure portion….
more to this story,
and many more news articles, photos and ads available only in our online e-Edition or in the printed version. Become a subscriber today!
• To access or subscribe to the e-Edition, go - HERE
• To subscribe to the printed version, go - HERE
• To buy the printed version at a newsstand, - HERE are our locations.
For assistance, please call us at 804-435-1701, extension 16.