Town of
Lake Pleasant
News

It's Your Money

January 21, 2019
Summary:
Important Information:
-- Three new capital reserve funds are in the 2019 Budget: $30,000 for a groomer, $15,000 for a loader and $12,000 for a garbage truck. The town board is trying to plan ahead so borrowing -- and resulting interest payments -- is not necessary.
-- The board has contracted for a high deductible health plan tied to a health savings account, with the town paying the deductibles. This saved close to $30,000 in projected health insurance premiums for 2019.
-- Highway Department workers will get a 2% COLA and a 2% raise plus another small raise incurred to adjust the town’s grade and step scale to eliminate “merit pay” that was treated as raises by the previous administration.
BOTTOM LINE: .7% tax levy increase and healthy fund balances