BOWMAN —The first reading of the town’s proposed $684,795.87 fiscal year 2013 budget was approved by Bowman Town Council at its January meeting.
The proposed spending plan represents a decrease of $6,493 from the town’s FY 2012 budget that totaled $690,288.
Also during the meeting, the council approved final third reading of an ordinance authorizing the Municipal Association of South Carolina to serve as its agent to receive and distribute to the town the municipal broker’s premium tax collected by the S.C. Department of Insurance in compliance with the Non-Admitted and Reinsurance Reform provision of the federal Dodd-Frank Act.
Gov. Nikki Haley signed the legislation into law on June 29, 2012 to conform state insurance law to federal law. The federal act states the “placement of non-admitted insurance is subject to the statutory and regulatory requirements solely of the insured’s home state.” Also, only the “home state” may require the payment of premium tax for non-admitted insurance.
The conforming state legislation includes the federal definition of “home state” and designates a single state tax rate of 6 percent for the broker’s premium tax. The state law preserves the designation and collection of a 4 percent state tax and a 2 percent municipal broker’s premium tax.
The South Carolina Department of Insurance is required to collect the broker’s premium tax and distribute to the Municipal Association of South Carolina the municipal portion of the tax. As the municipal agent, MASC distributes the funds to the municipalities.
In other business, Mayor Marion Glenn addressed concerns from a previous meeting regarding maintenance of the curbs that were installed as part of the recent streetscape project.
“The town is ultimately responsible for maintenance of the curbs, and the least expensive way to address the concerns is to paint the curbing,” Glenn said. “We will be looking into correcting the issue.”
Also, Councilwoman Patsy Rhett, police commissioner, asked residents to help police by reporting suspicious incidents.
“If you see anything that is not right, please report it,” she said.
Rhett reported the Bowman Police Department filed 12 report last month as follows: four burglaries, one assisting another agency, one suspicious incident, one disorderly conduct, one domestic dispute, one grand larceny, one petty larceny, one shoplifting and one driving under suspension.
In addition, the police department’s Charger needs new tires, it was reported.
The mayor presented the monthly water and sewer report, noting, “We had a few leaks as a result of the broadband installation. They were repaired expeditiously,” Glenn said. “We are still doing the ... flushes and checking the systems. DHEC was on hand to (conduct) their random system check. We are still going to continue to maintain efficiency in the water department.”
Councilman Nathaniel Gaines, streets commissioner, advised that the town should hire someone to trim the trees along Bowman’s streets.
“We need to get a professional groom to handle the trees on the street,” Gaines said.
In other business:
* Town Clerk Yvonne Lewis presented the monthly financial report. She reported ending balances as of Dec. 31 for all accounts were as follows: water/sewer department, $44,030.64; general fund, $83,702.34; municipal fund, $16,237.87 and water revenue, $25,510.75.
* Council agreed to support the Municipal Association’s 2013 legislative priorities.
Bowman Town Council’s next regular monthly meeting is scheduled Tuesday, Feb. 5, and is open to the public.
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