Laurel Hill: City leaders propose $609,392 budget (DOC)

Published: Tuesday, August 26, 2014 at 04:32 AM.

LAUREL HILL — The City Council is finalizing the 2015 fiscal year budget, and the proposal is down compared to last year's budget.

Click here for a copy of the  proposed 2015 fiscal budget for the city of Laurel Hill>>

 With expenses and revenues from the city’s enterprise operating fund – or water department –and general operating fund, officials expect less income.

Last year, the city projected $22,666 in total income. This year, the city projects to earn $609,392.

 The decrease from the previous budget primarily comes from the county’s local option fuel tax, Mayor Robby Adams said. Last year’s budget reflected the county commission-approved 3 cent fuel tax increase. Thirty-six percent of the fuel tax revenue benefits Okaloosa County municipalities.

The city initially set a $40,000 budget for the local option fuel tax, but just $30,345 is projected for the end of this fiscal year. The 2015 budget listed $30,000 for the tax.

 Laurel Hill will maintain a 3.5 millage rate per $1,000 for ad valorem taxes, according to the proposed budget.



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