PARIS – With one last change to revenue, county commissioners last week finalized the 2008 Oxford County budget.
Commissioners decided to add $10,000 to the $112,000 being transferred from surplus funds, raising revenues to $2,069,351. Expenditures total $6,223,120.
The new budget comes after deliberations with the nine-member Budget Committee, which was formed from selectmen in county towns. Earlier this month, the committee accepted most proposed cuts by the commissioners, but voted to restore $9,300 to the Oxford County Extension Association. The money will go toward a matching 4-H grant for horticultural programming and cut flower research.
The expenditure increase put the county over the state tax cap. The committee voted to recommend that the commissioners not increase the transfer from surplus at the last meeting between the boards.
The effect of the additional $10,000 is to reduce the money to be raised by property taxes from an estimated 5.29 percent increase over last year’s budget to 5.03 percent. The tax cap is 5.05 percent.
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