The City of Cayce passed final reading of it general fund and utility fund budget, at a meeting Wednesday.

The General Fund Budget is balanced at $11,873,880. It includes a 10% increase in health insurance costs and a 2% Cost-of-Living raise for all employees.

The Utility Fund Budget is balanced at $12,073,121. The budget includes an increase of $1.50 a month for residential sanitation fees. It includes a 10% increase in health insurance costs and a 2% Cost-of-Living raise for all employees.

Mayor Elise Partin said – in regard to the sanitation fee increase- council’s effort is to make the utility department self-sustaining.

Council held a public hearing before the vote and no one spoke.

The General Fund Budget is balanced at $11,873,880. This budget includes:

• $640,120 in Hospitality Tax Revenue

• $150,000 Special Grant allocation from SC PRT

• $135,160 in Other Financing Sources (Lease Purchases)

• $1,600,000 transfer from Utility Fund for Indirect Cost

• $375,601 in capital expenditures

• Reduced personnel requests with no new positions; including no new firefighters

• A 10% increase in health insurance costs.

• A 2% COLA for all employees

The Utility Fund Budget is balanced at $12,073,121. This budget includes:

• $310,150 in capital expenditures

• 15% debt coverage for the City’s utility fund debt

• $1,600,000 transfer to General Fund for Indirect Costs

• A 10% increase in health insurance costs

• A 2% COLA raise for all employees