Warrenton Town Administrator Robert Davie presented a draft budget for 2019-20 Monday night with no change in the 65-cent tax rate.

Budget highlights include sizeable increases in health insurance rates for town employees, mandatory state retirement contributions, employee pay increases and a recommendation for future pay increases, and no increase in water rates except for “super users.”

In his budget summary, Davie estimated that unrestricted fund balance, or cash reserves available for spending, would be about $700,000 by the end of fiscal year 2019-20, an increase of $61,000.

Savings are expected from the elimination of rent expense of $11,700 after the move to the renovated town hall building later this year, and a $20,000 reduction in liability insurance costs year over year. New revenue of $4,000 is budgeted from an interest-bearing savings account.

Since the revaluation two years ago, town property values have increased, generating $10,000 in new taxable revenue over previous years. Total taxable property values are expected to continue increasing in upcoming fiscal years as more buildings and homes are renovated and the town’s overall business climate continues on its path of growth, David said.

The town board will hold a budget public hearing at 6:30 p.m. on Monday, June 10, at the Warrenton Rural fire department to receive comments on the proposed budget. Copies of the budget are available from Town Hall, 133 S. Main St., Warrenton.