OXFORD – Aldermen voted Tuesday to keep the city millage at 27.27 for Fiscal Year 2011 in a budget that reaches nearly $20 million.
“Not only have we held the line on taxes, nobody is laid off in the city or the school system,” said Mayor Pat Patterson.
Patterson asked every department head to create the leanest budget, then asked for another 6 percent reduction. Only the fire department could not meet those standards without cutting vital services.
Of the projected revenues in FY11, 30 percent are from sales tax, 26 percent from ad valorem tax and 16 percent from governmental services.
The police, fire, sanitation and street departments will account for nearly three-fifths of the budget. The Park Commission and FNC Park together account for another 10 percent, as does general government.
Oxford’s electric and sewer/water services are “enterprise” departments whose expenses and revenues are handled separate from those of the city’s general fund. Rates are planned with an eye to meeting all costs and providing a financial cushion for emergencies or expansions.
Both enterprise departments pay the city a franchise fee.
Oxford is keeping the millage for its 2011 budget that it has had since 2005.
“Our two promises are no tax increases, and nobody is laid off,” Patterson said.
Contact Errol Castens at (662) 281-1069 or email@example.com.
Errol Castens/NEMS Daily Journal