Gainesboro Officials hopeful that the new fiscal year budget will hold after Aldermen finalized the budget on second reading Thursday night.
Alderman Beth Young said nothing changed between reading one and two. Young said the budget is tight, but could withstand a few blows.
“We do have some wiggle room, and not a lot, but of course, that is the way it is with your budget, my budget, any city’s budget,” Young said. “We have to wait and see what revenues arise and what expenditures we have to meet.”
Young said Gainesboro likely overspent this year due to the high amount of unexpected expenditures. Young said she and the aldermen hope that the town will not have to repeat that in the coming year.
“We never know what is gonna happen with the city,” Young said. “The city is an old city, so we are trying to do what’s the, you know, the best for it and continue to grow it the best we can.”
Young said the aldermen and Mayor Lloyd Williams met several times over several weeks to put the budget together. Young said putting the budget together was not easy.
“We came in here, we talked about things, we hashed it out, we looked at current expenditures, current revenues, and we cried a little, and we laughed a little,” Young said.
The aldermen also approved a two percent water rate increase on second reading.
In other business, the aldermen approved the hiring of Adrian Nyhoff as a full-time Police Officer for the Gainesboro Police Department.
Water Plant Supervisor Jerry Wroten reported that the town’s water loss has decreased by one percent.
The aldermen approved to reschedule the July 3 meeting to July 10.
