HEBRON | More than half Hebron's economic development income tax money for the next two years will be going toward infrastructure -- past and future.
The Town Council approved a two-year spending plan Tuesday for the expected $480,800 it will receive. Of that, the largest share, $180,000, will go toward the annual payment on a $1 million bond issue taken out to repair streets and upgrade sewer lines.
The second biggest category is $142,800 earmarked for a variety of infrastructure needs over the next two years, including street work, upgrading and expanding parks and community space along with beautification of the town.
Of the remaining funds, $60,000 is budgeted for economic redevelopment programs and incentives to keep businesses and bring in new ones; $44,000 is for buying and repairing town equipment; $14,000 is for events to promote the town, and, if the money is there, $40,000 will go to the fire department.
The budget is $40,000 more than the two-year budget approved a year ago. That budget included $90,000 for equipment and $85,000 for town infrastructure along with the $180,000 bond payment and $75,000 for economic development incentives.
In other business Tuesday, the Town Council renewed the contract with MCO, which operates the town's public service department and the water and sewer treatment plants. The contract expires March 12, and the new agreement calls for monthly payments of $10,728.48, which is a 3 percent increase.
Council President Don Ensign said MCO has provided experience and expertise in upgrading the town's services and has suggested many changes that are or will save the town money.