Nonprofit grants tied to tax revenues | PostIndependent.com
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Nonprofit grants tied to tax revenues

For the first time ever, the town’s nonprofit grants are tied to a specific percentage of anticipated sales tax revenues. Under the new $4.7 million general fund budget, the $50,000 allocated for “community requests” represents 2 percent of the projected sales tax revenues for the coming year, which is expected to come in at a little more than $2 million. Town trustees approved the measure this week.”We’ve really tried to establish a policy for awarding community requests that can continue with future budgets,” mayor Michael Hassig said. “This was a terrific suggestion, because it’s consistent with other things we’re trying to do.”The community requests budget increased from about $23,000 this year to $50,000 in 2005, including a $4,000 contingency for any additional requests that come along during the course of the year.- For complete coverage, including which agencies are asking for money, check out this week’s issue of the Valley Journal, on newsstands now.- For complete coverage, including which agencies are asking for money, check out this week’s issue of the Valley Journal, on newsstands now.


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