BROWNSBURG — The town council here voted Thursday night to adopt the town’s 2014 budget of $41 million with a property tax rate decrease of more than 3 percent.
According to information provided by the town, the town’s total budget increased by 2.33 percent and the General Fund budget increased by more than $546,000 or 7.11 percent.
With a nearly 4.8 percent projected increase in assessed value and continued good stewardship, this is the second year in a row that the municipality has been able to provide taxpayers with a rate decrease. The proposed 2014 tax rate of .9859 is the lowest the town has seen in a number of years. How the rate cut will impact individual residents’ property tax bills will vary, due to Indiana’s property tax cap.
The town is proposing several new staff positions for 2014, including a receptionist for the Town Hall lobby, an additional planning technician, an economic development director, and two additional police officers to support the newly annexed areas.
A number of the town’s funds will see increases to provide for key infrastructure improvements and Comprehensive Plan priorities. The water fund increase of 12.87 percent will allow for a water main loop project on C.R. 900 E./C.R. 901 E. and surveying for new wells to accommodate future water demands. The wastewater fund increase of 6.36 percent will finance the design of a wastewater treatment plant and collection system expansion, sewer repairs and a lift station project on Airport Road.
A 36.54 percent increase in the Motor Vehicle Highway (MVH) fund will provide for a number of resurfacing projects and the expansion of Thornburg Parkway to Hornaday Road, through Brownsburg Parks’ Cardinal property. The town will spend more than $1.15 million on road resurfacing next year from MVH, Riverboat, Rainy Day and the Local Road and Street funds.
“We couldn’t be more pleased with our ability to cut the tax rate again this year,” Brownsburg Town Manager Grant Kleinhenz said. “This cut is not related to annexation as those revenues are not collected until 2015. It’s thanks to a growing AV — despite the slow economy — and town department heads who know how to make the most of their funds, that in 2014 we’ll be able to add some key staff and start or complete several projects that will make a significant impact on Brownsburg’s quality of life.”
The town’s budget will be submitted to Hendricks County and then the Indiana Department of Local Government Finance in early November. The state’s property tax agency certifies tax rates, levies and budgets in February.
To view the town manager’s budget presentation, visit the town’s website at www.brownsburg.org, and look under Town Officials/Town Manager/Useful Links. Copies of budget documents are on the website under Town Officials/Clerk-Treasurer/Budgets.