5 things to know
- Residents don’t pay a local property tax.
- The town’s biggest revenue source is local option sales tax and its biggest expense, personnel.
- The budget has grown 34 percent since fiscal 2011-12.
- Clermont Days makes up 8.4 percent of expenses.
- Employees received a 5 percent raise for fiscal 2014-15.
Clermont Town Council approved a $309,220 budget Tuesday night for fiscal 2014-15, giving employees a 5 percent raise and allocating more money for Clermont Days than the town had in previous years.
Council members voted separately to give the town’s employees — clerks and maintenance workers — a raise and, as part of budget approval, increased personnel expenses to $85,000 from $81,000. The difference was made up by reducing the town’s capital project fund to $14,750 from $18,750.
The new budget, which takes effect July 1, also includes $26,000 for Clermont Days, an annual two-day festival that includes arts and crafts, food, parade, car show and fireworks.
The town had budgeted $20,000 this fiscal year, which ends June 30, but ended up spending $26,073, and $18,500 in 2012-13.
“I think Clermont Days is such an important thing for the town now that we sure don’t want to turn it away if we can any way afford to keep doing it,” Mayor James Nix said.
The town does get revenue from the festival, including $18,429 this fiscal year.
Clermont is projecting $20,000 in 2014-15 because of an effort “to revamp the way we get sponsorships, where we can hopefully bring in some of the smaller sponsorships,” Nix said.
“What we’re trying to do is get (the event) to where it sustains itself so that we don’t have to take any of the town’s money to do it,” he said. “The town has contributed several thousand dollars every year since we’ve been going with it.”
This year’s event is set for Sept. 19-20.
While Clermont Days makes up 8.4 percent of expenses, personnel is the town’s biggest expense. The budget contains a flurry of other expenses, including $19,000 for legal and professional fees.
“The one thing I want to do this year ... is work on this ordinance book,” Nix said. “That thing has got to have some work done to it.”
Residents don’t pay a local property tax, so funding comes from a variety of sources, such as impact fees, building permits and franchise taxes. Local option sales tax is the biggest revenue source. At $120,000 projected in 2014-15, it makes up nearly 40 percent of the town’s income.