The Winamac Town Council held a hearing over the 2020 Budget when members met last Monday.
No public comments were provided, however, Clerk-Treasurer Melanie Berger did highlight one adjustment that was made at the recommendation of the Town’s financial advisor Eric Walsh from Baker Tilly.
She explained, “I did move around some of the money around like Eric had suggested so we would not have so much of a deficit in the General Fund.”
According to the information that’s been submitted to the Indiana Gateway for Governmental Units, the Town of Winamac has a total budget estimate of about $1,445,217 for next year. The General Fund contains about $950,550.
In addition to that, $100,000 has been budgeted for the Motor Vehicle Highway fund, $7,500 is anticipated for the Local Road and Street fund and the Park fund has a budget estimate of $136,260.
Meanwhile, $90,000 has been put into the Economic Development Income Tax fund, $30,000 is budgeted for the Cumulative Capital Development fund and $50,000 has been listed for the Local Income Tax line item. The budget will be up for adoption when the council meets next on Monday, October 14th.
