At The Dec. 17 Town Council Meeting, during the budget status presentation, a few points were brought up by Stacey Lemos, OV Finance Director.
Compared to the last fiscal year, Ms. Lemos noted that our sales tax revenue is down by 8.8%, our interest income is down a whopping 60.5% (due in part to the Lehman Brothers situation) building permits are at 200, below the projected number of 250 and there will be no Grant Revenue from the state.
As such, we were wondering what, if anything any of our astute readers may suggest that might be helpful as the town goes through these difficult economic times we are all facing.
I'm sure any suggestions would be appreciated by those in our town government that are frequent readers of the blog.
Although not too many of us would like to see a property tax, or for that matter, an increase in our sales tax, these may be options. Our poll (presently on top left column of blog) on the Utility Tax shows the majority wish to have it expire, but there are some that believe keeping it has merit. None of these may be palatable, but they may be options.
Here's your chance. Come up with some good ideas, if you can.
