NOTICE FOR PUBLIC BUDGET HEARING FOR THE TOWN OF BEAR LAKE

Notice is hereby given that on Wednesday November 8^th 2024, at 6:00pm the Town Board is holding a Budget Meeting followed by a Public Hearing on the Proposed Budget for the Town of Bear Lake. This will be held at the Town Hall located at 2498 17^th St. The proposed budget in detail is available for inspection at the clerk’s office by appointment only. The following is a summary of the proposed 2024 Budget.

                                               2023 Budget                             2024 Budget                       

REVENUES:        

TAXES GENERAL LEVY        $250,155.00                               $262,808.00

Shared Revenues                $10,165.56                               $56,463.69                  

Transportation Aid             $114,636.62                              $114,636.62                       

Licenses & Permits             $100.00                                     $100.00                       

Other Revenues                   $5,271.98­­                                  $7,718.37                 

Proposed Revenue:          $360,409.54                              $436,398.68  +21%

Total revenues:    The increase in total revenue for 2023 includes an additional municipal loan for a 2015 CAT Backhoe 4X4. In 2024 there is a significant increase in shared revenue that will be paid out.                                                       

EXPENDITURES:

General Government          $108,698.34                            $122,547.11                  

Public Safety                        $55,450.00                               $56,450.00                  

Public Works                        $194,695.32                            $197,901.46

Total Expenditures              $358,843.66                            $376,898.57

 

 

Dated this 23^rd day of October 2023.