Wendell News Outlet

Quotes from the Wendell Budget
Fiscal Year 2007-2008

"In the preparation of each year’s budget, one of the duties is to review the services the town provides and compare the cost of these services with the availability of funds to pay for these services, After thoroughly reviewing the revenue forecast and anticipated expenditures, it has become apparent that unless the services which our citizens have come to expect are reduced, that a reduction in the tax rate would not be possible. The problem that we are encountering is the need to function as a medium size town prior to the availability of medium size funds. The recent annexation of large tracts of property exemplifies this problem. Although we are not yet receiving any tax revenues from these annexations, and do not anticipate receiving any revenues from these properties in the Fiscal Year 2007-2008, we are still legally required to provide the same level of services.” (Emphasis added)

“The General Fund of the towns budget receives its operating revenues from the following sources: • Property taxes accounts for 33.5% of the revenues. Intergovernmental or state-shared revenues provides for 39.8% of the revenues. User fees and miscellaneous revenues provides for the remaining 26.7% of the revenues. The majority of revenue growth will be in property taxes and sales taxes. The additional property tax revenues will be primarily from residential development.” (Emphasis added)

“While the proposed Fiscal Year 2007-2008 operating budget contains funding for many of the town’s needs, more needs exist than there are revenues in which to address those needs.” (Emphasis added)

As I said in the title you decide. Is the Wendell Community Coalition stirring up a hornets nest over nothing or perhaps, just perhaps, is there substance to what they are saying?

It’s your taxes, your home values, and your town! Come out and attend the Wendell Community Coalition’s meeting tomorrow night, Aug. 7 at 7:00 PM at the Wendell Methodist Church Fellowship Hall.