{"id":11467,"date":"2023-05-31T13:34:55","date_gmt":"2023-05-31T17:34:55","guid":{"rendered":"https:\/\/holden.me\/?p=11467"},"modified":"2023-06-04T13:54:16","modified_gmt":"2023-06-04T17:54:16","slug":"poa-newsletter-may-31-2023","status":"publish","type":"post","link":"https:\/\/holden.me\/2023\/05\/31\/poa-newsletter-may-31-2023\/","title":{"rendered":"POA Newsletter: May 31, 2023"},"content":{"rendered":"\n<p>The Town\u2019s proposed budget is approaching the finish line. &nbsp;The Commissioners are meeting tomorrow&nbsp;<a href=\"https:\/\/holdenbeachpoa.wildapricot.org\/EmailTracker\/LinkTracker.ashx?linkAndRecipientCode=ZoBdfGicWE7%2f2kXkbEFgf4Ajfej2ioPFFpl87C9DoKWL4LljyX8N8tBZvGnc32eDDSl3MzqfWyroH0uVWpXHkkC9gPE%2bRZcHVJPOlSg%2fjio%3d\" target=\"_blank\" rel=\"noreferrer noopener\">Thursday, June 1<sup>st<\/sup>, at 5:30 pm<\/a>&nbsp;for a Budget Workshop.&nbsp; There will be a public hearing on June 15<sup>th<\/sup>, and budget will likely be approved at the Commissioners\u2019 meeting on June 21<sup>st<\/sup>.&nbsp; Here are the key points we have gleaned from the&nbsp;<a href=\"https:\/\/holdenbeachpoa.wildapricot.org\/EmailTracker\/LinkTracker.ashx?linkAndRecipientCode=%2bLHf91pEjPxaZNZ2kHNsy%2fJvGQFBQT%2ft3k3ds8Ga3xZ9m5I8dJqO94truCIlUUSzBXe2ssu5n0ZwVsNtqAU81tC%2f6sxfQDwV1ISXrilE0zA%3d\" target=\"_blank\" rel=\"noreferrer noopener\">Town Manager\u2019s Budget Message<\/a>:<\/p>\n\n\n\n<p><strong>Revenues:<\/strong><\/p>\n\n\n\n<ul>\n<li>New tax rate of 14 cents\/$100 is a 16% tax increase over revenue neutral<\/li>\n\n\n\n<li>New tax rate will result in property tax revenues of $3.3M<\/li>\n\n\n\n<li>BPART revenue is estimated at $4M<\/li>\n\n\n\n<li>Paid parking revenue is estimated at $500K<\/li>\n\n\n\n<li>Other revenues (e.g., fees, permits, fines, etc.) are estimated at $1M<\/li>\n<\/ul>\n\n\n\n<p><strong>Expenses:<\/strong><\/p>\n\n\n\n<ul>\n<li><a href=\"https:\/\/holdenbeachpoa.wildapricot.org\/EmailTracker\/LinkTracker.ashx?linkAndRecipientCode=oJBZHmNZySFCbcvyQVWgaxbY30bT3TPHIsH9%2flY6H3hO5VcgfTs1H%2f2KODr6DZY%2fjpBjjJGdFYDGhs2MGD%2bEn2pmf0f%2fG6YrnedTPVKYTDk%3d\" target=\"_blank\" rel=\"noreferrer noopener\">Total debt service payments<\/a>&nbsp;are $3.6M<\/li>\n\n\n\n<li>Pier renovation &amp; repair expenses are estimated at $2.1M<\/li>\n\n\n\n<li>Block Q Phase 1 expenses are estimated at $300K<\/li>\n\n\n\n<li>Town salaries increase 11.9% (5% merit and 6.9% COLA)<\/li>\n\n\n\n<li>One new position will be added&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul>\n<li>Debt service amount of $3.6M exceeds property tax revenue amount of $3.3M<\/li>\n\n\n\n<li>Expenses exceed revenues by $3.3M (equal to the property tax revenue amount)<\/li>\n\n\n\n<li>The $3.3M deficit is due to debt service and major capital projects<\/li>\n\n\n\n<li>The $3.3M in deficit spending is being covered by:\n<ul>\n<li>Transferring $1M from the General Fund balance<\/li>\n\n\n\n<li>Transferring $1M from the BPART Fund balance<\/li>\n\n\n\n<li>Transferring $347K from the Beach &amp; Inlet Capital Reserve Fund<\/li>\n\n\n\n<li>Water &amp; Sewer borrowing of $1M<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>This level of deficit spending is not sustainable&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/holdenbeachpoa.wildapricot.org\/EmailTracker\/LinkTracker.ashx?linkAndRecipientCode=%2bLHf91pEjPxaZNZ2kHNsy%2fJvGQFBQT%2ft3k3ds8Ga3xZ9m5I8dJqO94truCIlUUSzBXe2ssu5n0ZwVsNtqAU81tC%2f6sxfQDwV1ISXrilE0zA%3d\" target=\"_blank\" rel=\"noreferrer noopener\">Click here for a copy of the Budget Message<\/a>.&nbsp; Here are the Commissioner emails if you would like to provide them with your input.&nbsp;<a href=\"mailto:alan@alanholdenrealty.com\" target=\"_blank\" rel=\"noreferrer noopener\">Mayor Alan Holden<\/a>, Commissioners&nbsp;<a href=\"mailto:rsmith9431@gmail.com\" target=\"_blank\" rel=\"noreferrer noopener\">Rick Smith<\/a>,&nbsp;<a href=\"mailto:BOCmurdock@gmail.com\" target=\"_blank\" rel=\"noreferrer noopener\">Brian Murdock<\/a>,&nbsp;<a href=\"mailto:drpagedyer@gmail.com\" target=\"_blank\" rel=\"noreferrer noopener\">Page Dyer<\/a>, and&nbsp;<a href=\"mailto:arnold.geraldnc@me.com\" target=\"_blank\" rel=\"noreferrer noopener\">Gerald Arnold<\/a>.<\/p>\n\n\n\n<p>Send a copy to the&nbsp;<a href=\"mailto:heather@hbtownhall.com\" target=\"_blank\" rel=\"noreferrer noopener\">Town Clerk<\/a>&nbsp;if you would like it included in the meeting packet.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Town\u2019s proposed budget is approaching the finish line. &nbsp;The Commissioners are meeting tomorrow&nbsp;Thursday, June 1st, at 5:30 pm&nbsp;for a Budget Workshop.&nbsp; There will be a public hearing on June 15th, and budget will likely be approved at the Commissioners\u2019 meeting on June 21st.&nbsp; Here are the key points we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[199],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/holden.me\/wp-content\/uploads\/2023\/01\/HBPOA-Sticker-jpg.webp?fit=1550%2C1086&ssl=1","_links":{"self":[{"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/posts\/11467"}],"collection":[{"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/comments?post=11467"}],"version-history":[{"count":1,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/posts\/11467\/revisions"}],"predecessor-version":[{"id":11468,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/posts\/11467\/revisions\/11468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/media\/10232"}],"wp:attachment":[{"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/media?parent=11467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/categories?post=11467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holden.me\/wp-json\/wp\/v2\/tags?post=11467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}