The Madison Town Council will host a budget public hearing next month.
Last week, the council approved a draft budget for the 2019-2020 fiscal year. The proposed budget for 2019-2020 is $190,535, slightly higher than $188,585 budgeted for 2018-2019.
The two budgets are very similar. In the town, real estate taxes will not increase. Tax rates will stay at $.0825/$100 of assessed value, accounting for $32,000 in income. Income from the Department of Motor Vehicles, business licenses, auto decals and meals tax is projected to be the same as 2018-2019.
Town clerk Barbara Roach said that the estimate of DMV income is conservative. The Department of Motor Vehicles state office has warned that smaller DMV Select offices, like Madison could see increased traffic because full-service locations are now offering Real ID, the national enhanced identification that will be required for domestic air travel in October 2020.
“These are conservative estimates of our income from the DMV,” said Town Clerk, Barbara Roach. “Richmond expects business at the DMV Selects to be greater because of longer lines at the offices that offer the Real ID.”
Expenses are projected to be much the same as in 2018-2019. The largest increase in spending will be employee salaries and payroll related expenses. Salaries are budgeted at $113,648, up from $105,148 in the previous fiscal year. The town audit, a $2,500 expense in 2018- 2019 and the $2,000 for the Music on the Lawn series are not factors for the new fiscal year as the audit is now scheduled for every other year and Music on the Lawn was unable to find a new organizer.
Town residents with questions or concerns can address them at the public hearing June 6 at 7 p.m. It will take place in the Madison Town Office at 23 Washington Circle prior to the monthly meeting of the Madison Town Council.