View Mobile Site

Elgin hit with $31,000 tax adjustment

Posted: August 14, 2012 7:18 p.m.
Updated: August 15, 2012 5:00 a.m.

(The online version of this story correctly reflects that Elgin Town Council's most recent meeting took place in August. The print version went to press before editors learned of the error. A correction will be printed in an upcoming edition.)

The town of Elgin’s budget will be negatively impacted by a nearly $31,000 state revenue adjustment because the town received more local option sales tax revenue (LOST) than it did in the previous fiscal year.

Elgin Mayor Brad Hanley discussed the matter during Elgin Town Council’s August meeting. Hanley said he was notified by the S.C. State Treasurer’s Office that there is a low prohibiting municipalities and counties from receiving less revenue from LOST than the fiscal year before.

“As it turns out (year to date) Bethune and Camden received less this year than they did last year. Bethune was short $6,318, Camden was short $59,257, Kershaw County was over by $66,000 and Elgin was over by $58,000,” Hanley said.

He said the actual amount of the adjustment will be $30,878. 

“We will be looking into this more closely,” Hanley said.

A special budget meeting is scheduled for Aug. 27 at 6 p.m. to discuss this issue along with insurance revenue projections.

Also during the August meeting, Councilman Roger Ross presented a proposal to zone a designated area in the  town for yard sales and vendors.

Councilwoman Melissa Emmons said she liked the idea, but brought up questions concerning maintenance and organization costs. Hanley suggested the idea should be discussed with Elgin business owners before moving forward with any zoning changes.

Council members then agreed to designate the first portion of the special Aug. 27 meeting to discuss the subject with local business owners.

In other business:

• council reviewed a submission for an internet wholesale business license for Wholesale Prices Firearms LLC;

• police revenue for July was reported at $2,996, an increase of slightly more than double from the previous month;

• grounds maintenance bids were presented and a unanimous decision made to use the services of A Cut Above Lawn Care, a local Elgin business;

• council unanimously approved a motion to postpone reading of Ordinance 171; and 

• a draft for a town seal image to be created by local artist Susan E. Harkey was presented for Elgin Town Hall.

A town hall dedication ceremony is anticipated to occur early September.

Comments

Commenting not available.
Commenting is not available.


Contents of this site are © Copyright 2018 Chronicle Independent All rights reserved. Privacy policy and Terms of service

Powered by
Morris Technology
Please wait ...