Opinion
The Fiscal Year 2011 budget adopted by Town Council is $74.3 million. This is an increase of $1.4 million over the previous fiscal year revised budget of $72.9 million. The General Fund budget was reduced by $105,638, the Debt Service Fund budget increased by $699,680 and the Capital Projects Fund budget increased by $811,737.
The development of the budget this year was challenging due to the continued slowdown in the real estate market and overall sluggish economy, both of which resulted in less revenue to fund operations. The budget adopted by Town Council reflects its commitment to provide the highest quality services and ensure the safety of the town’s residents and visitors.
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