07/01/13 — Pikeville Town Board approves budget

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Pikeville Town Board approves budget

By From staff reports
Published in News on July 1, 2013 1:46 PM

PIKEVILLE -- The Pikeville Town Board approved the town's budget for 2013-14 last week, with no increase in the current tax rate.

The town's current tax rate is 60 cents per $100 worth of property.

The budget also contains no increases in fees for electricity, water or sewer.

The total budget is $2,374,250 and includes a 5 percent merit pay increase for town employees scheduled to be implemented later in the year.

The budget also includes $60,000 for paving and drainage improvements and $32,000 for the purchase of an electric utility truck. Money for replacing worn street signs also was appropriated in the budget.

A public hearing on the proposed budget was held before the board voted on it but no one spoke.

There is $560,350 in the town's General Fund, $1,349,800 in its Electric Fund, and $464,100 in its Water and Sewer Fund.

The budget includes funding for the recodification of town ordinances and for new fencing for the town park.

In other business, the town board agreed to buy a parcel of land to expand the town cemetery and to rename the road beside it Cemetery Road.

Town Manager Blake Proctor recommended the town begin a water hydrant maintenance program and that it add a number of hydrants over the next several years.