BLUFFTON — The village of Bluffton’s tax revenue situation appears to be on solid footing.
That was the conclusion reached after a tax budget hearing Monday at Bluffton Village Council. According to the village’s cash position statement, Bluffton has a balance of $2.7 million as of June 30. According to current estimates, the village would have an unallocated balance of $1.9 million after reserve and expenditures.
According to Village Administrator Jack Huber, there were no surprises in the budget, with much of the revenue and expenditures staying almost the same as the previous year.
“We did have a 4 percent increase [in expenditures] across the board for most of the line items,” he said. “The exceptions are the water and sewer fund, which are modeled on the previous year’s numbers.”
That slight increase in expenditures should not have any impact on the village’s ending balance, according to Village Fiscal Officer Nancy Kindle.
“Revenue, for the most part, was left the same, with the exception of income tax and water and sewer revenues, and that was just based on what current projections are,” she said. “There are no significant changes from where we’ve been.”
Concerns at the county level over potential Medicaid managed care sales tax loss have not trickled down to the municipal level as of yet, as government funding is determined at the county level.
“Once we submit the budget sometime in August, they’ll hold budget hearings, where they’ll tell us what they’re anticipating for local government [funding], whether it will go up or down,” she said. “As of right now, we have not heard anything.”