Thursday, November 26, 2009

Same revenue in 2010 even with tax cuts?

City Manager Harry Walker is proposing a real estate tax break in 2010. He also believes the city can bring in the same amount of revenue.

Do you think this is possible?

Monday, November 23, 2009

Council approves 2010 preliminary budget on Nov. 24

City Council approved the 2010 preliminary budget at Monday's meeting. City administration is projecting the budget to be about $8.7 million.

The budget includes a tax decrease of about 10 percent in mills based on reassessments done by the county. City Manager Harry Walker said next year's budget includes the lowest amount of expenditures since 2004.

In all, City Finance Manager Stacy Bjorhus said the 2010 budget is going to be balanced.

In past budget discussions, such as 2009, City Council was told it would have a balanced budget, but then months later Walker came back to council requesting money from the reserve trust fund.

Now that the city has a new finance director, do you think next year's budget has a better chance of staying balanced?