MANSFIELD - The city of Mansfield has approved a $1.3 million budget for the fiscal year beginning July 1.
Documents provided by the city indicate it will have a balanced budget with revenues in the general, water and electric funds equaling expenditures.
Revenues in the city's general fund total $164,500, more than $20,000 less than in 2007.
"We won't be collecting any fines or forfeitures or anything like that, and we expect sales tax revenues to drop," Mayor William Cocchi said.
Cocchi said the decline in revenue can be attributed to diminishing fines that were issued by the city's police department. Though the department was disbanded several years ago, there were still outstanding fines owed the city, but now "it's pretty well caught up," he said.
The city is predicting a sharp decline in water and sewer tap fees. Though water taps brought in $59,400 in 2007, they are expected to generate only $33,000 this budget year. Sewer taps brought in $36,000 in 2007 and are projected to bring in $7,200 this year.
Cocchi attributed the decrease to a decline in development in the city.
"There's not going to be any growth," he said.
The city will transfer $110,000 from its electric fund to the water and sewer fund to pay off an extension of a water line to Loyd Road and Mill Pond Road.
The total water and sewer budget is $234,000.
The electric budget totals $900,850.
The city also rolled back its millage rate, from 5.316 mills to 5.298 mills, according to Cocchi.
Crystal Tatum can be reached at firstname.lastname@example.org.