Monday, October 12, 2009

'No money in the hole' ~ a brief recap of Oct. 12 meeting ~

There was an action item on the Oct. 12 City Council agenda regarding the authorization to remove money from the city's trust fund again. But only four of the seven council members at the meeting, so Councilman Ed Simpson asked that the item be postponed.

City Manager Harry Walker explained that the money from the trust fund would sustain the city through early next year. He said revenues will significantly increase in February.

Councilwoman Patsy Ray said that the budget has been an issue since she has been on council.

"We came into this year with no money in the hole," said Ray. "And we will go out this year with no money in the hole."