SPENDING PLAN

SPENDING PLAN
At a glance
Spending will go up only about 5 percent in theFarrell's 2004 general fund budget. A look at major sources of revenue and major expenditures (with 2003 figures in parentheses) shows:
REVENUES
Real estate taxes: $710,000 ($700,000).
Residential wage tax: $580,000 ($550,000).
Nonresident wage tax: $175,000 ($155,000).
Interdepartmental transfers: $117,600 ($50,000).
Miscellaneous contributions: $203,000 ($198,000).
EXPENDITURES
Police services: $883,155 ($849,592).
Fire services: $246,440 ($248,100).
Public works: $289,010 ($267,510).
Employee benefits: $343,639 ($298,349).
Administration: $133,585 ($130,060).
Source: Farrell