Culver Town Council Adopts 2020 Budget

The Culver Town Council members took action Tuesday night to adopt the 2020 budget.

There were no additional comments made on the budget aside from what was produced during the public hearing during the Sept. 24 meeting.  Public comments included ways the town could save on utility costs, and the growth quotient and the variables considered when discussing tax rates and budget estimates.  Clerk-Treasurer Karen Heim said a lot of specific figures remain up in the air as some percentages aren’t figured yet. 

The General Fund is estimated at just under $2.2 million while the Rainy Day Fund has $50,000 as advertised as well as $147,000 in the Cumulative Capital Development Fund and $2.5 million expected in grant funds for Stellar projects.  The total proposed budget in 2020 is just over $5.2 million.

The council members approved the second and third readings of an ordinance that adopts the 2020 budget.  It now goes to the Department of Local Government Finance for final review and approval.