Refuse Fund receipts through August are at 67.55% of budget and disbursements and encumbrances are at 71.93% of budget.
Enterprise Funds receipts through August are at 75.61% of budget and disbursements and encumbrances are at 70.12% of budget. This includes $500,000 of capital expenditures. If expense continues as planned, the Water Fund will end the year below $1 million, which is why a water rate increase is being proposed for 2024.
3.75 MILL PROPERTY TAX RENEWAL: Mr. Klopsch shared that the city’s 3.75 mill property tax expires this year. City Council will place the issue on the November 2023 ballot for renewal only, meaning it would, if approved by the voters, continue to generate the same annual revenue, and would represent no increase in property taxes. Information on the 3.75 mill property tax is as follows:
First approved in May 2013
Started generating revenue in 2014
Five Year Term
3.03 Effective Mills
Raises about $1,079,000 annually
$93 annual tax on $100,000 value home
Vote on November 7, 2023
The timeline for action to seek a renewal of this levy is as follows:
Jun 5: Resolution of necessity/auditor certification adopted
Jul 17: Resolution placing issue on ballot adopted
Mr. Klopsch suggested to forego the sending of postcard reminders as in years past with renewals.
2023 CONSTRUCTION PROJECTS/CAPITAL EQUIPMENT: The following 2023 capital projects/expenses were discussed:
Orchardly Park Playset Replacements: A new playground structure and swings were installed at Orchardly Park.
Shafor Park Swings and Safety Surface Replacement: A new swing and new safety surface will be installed at Shafor Park in the latter part of October.
Asphalt Pavement Resurfacing: The annual asphalt repaving was completed by a new contractor who was the low bidder on this year’s project. City staff is pleased with the final product, although work took longer than in years past.
Concrete Street Repair: Concrete repair work just began on Garden Road. The work will take place over the next four or so weeks.
Far Hills Infrastructure Improvements: Infrastructure work along Far Hills continues. Roadway curbing will be replaced primarily between the south Kettering corp line and Patterson Road. Stormwater inlets will also be repaired over the next few months. This is all in preparation for the Far Hills resurfacing project scheduled for next year.
Far Hills Storm Sewer Replacement: Mr. Kuzma commented on the large storm sewer replacement project underway on Far Hills Avenue. Kinnison Excavating has done an excellent job. The project is on schedule and is expected to be