Rising Sun City Council held its annual budget public hearing on Thursday, Sept. 1st and will meet to adopt it at 6 p.m. on Sept. 19th.
The 2017 proposed budget includes $2,686,450 in riverboat budget. This figure was included to meet requests by the Department of Local Finance and Government and the State Board of Accounts. If approved, it would save from making an additional appropriation in February 2017, according to clerk treasurer Rae Gipson.
The assessed value was $69 million in 2016 which was down from $103 million in 2015. The 2017 budget is four percent increase or an estimated $107,694.
Council approved an amendment to the Revolving Loan Fund loan of Marsha Louden. The $15,000 will allow for renovations and improvements to the Empire House located on Front Street.
First reading of a Home Rule Ordinance was read which reestablishes a promotional fund to promote economic development and tourism that repeals an ordinance passed on Aug. 3rd, 1982.
In addition to the budget, there were several first readings of utility ordinances.
The Rising Sun Utility Service Board recommendations to amend ordinances to include a water security deposit increase from $50 to $75. A second ordinance would increase the electric security deposit from $125 to $175 which would be the first increase since 2003. Pole setting cost will remain at $50.
Reconnection fees would increase from $25 to $50 during business hours and from $50 to $100 after hours.
Council approved the rezoning recommendation from the plan commission for Dennis and Nanete Williams and Virgil and Patrica Peters at 725 and 707 North High Street. The nine lots were changed from R-1 (single family residential) to B-1 (neighborhood business).
There are no plans for future business. Any future business plans would have to go before the plan commission.
Mike Northcutt gave his monthly report and council approved $2,222.17 credit to Beaty Construction seed and mulch work as part of the Phase 4 River Walk.