The Mancos Board of Trustees is scheduled to adopt a 2019 budget and set the mill levy rate at its regular meeting, Dec. 12, at 7 p.m.<\/p>\n
The city anticipates $2.8 million in capital projects in 2019. The 2019 preliminary budget shows total expenditures of $4.89 million and revenues of $3.38 million, including the general fund, water fund, sewer fund and conservation trust fund.<\/p>\n
Revenues are projected to increase in 2019. The 2019 budget lists an increase of more than $1 million in the \u201cother revenue\u201d category, which excludes taxes and fees, compared with 2018. The other revenue category in 2019 is set at $1.54 million, contrasted to $504,000 in 2018.<\/p>\n
The streets budget will see a substantial increase in spending in 2019. Mancos is set to spend $1.6 million on streets in 2019, compared with $230,000 in 2018 and $440,000 in 2017. There are three anticipated streets capital projects: $1.32 million for a Main Street bridge, $150,000 for paving and $80,000 for grading.<\/p>\n
The Mancos water fund for 2019 is unbalanced due to large capital projects. The city expects revenues of $590,000 and expenditures of $1.58 million, but there is a beginning balance of $1.97 million to help cover the capital projects. The additional expenses in 2019 will go toward a $1 million water tank, $200,000 in water lines and $10,000 for leak detection.<\/p>\n
The property tax mill levy is expected to be set at 9.443 mills for each dollar of total valuation for assessment of all taxable property in Mancos.<\/p>\n
The Mancos Board of Trustees is scheduled to adopt new residential water and sewer tap fees. Town Administrator Heather Alvarez is suggesting a 3 percent increase for water and sewer tap fees, for a total of $5,552 for each fee.<\/em>Staff also has recommended that the Mancos Board of Trustees contribute $5,000 toward the Mancos Creative District way-finding sign project.<\/em><\/p>\n