SV OKs $5.2
allocated to General Fund
is a year in which we’re having to make some very tough choices about
where our taxpayers’ dollars are going."
Express Staff Writer
Valley City Council Thursday unanimously approved a more than $5.2
million city budget for the 2002-2003 fiscal year.
voted 4-0 to adopt a new ordinance allocating $5,270,441 for city
expenditures from Oct. 1 through Sept. 30, 2003, including $2,939,109
for spending via the city’s General Fund.
addition to the approximately $3 million General Fund—from which
virtually all discretionary spending is done—the overall budget
includes an additional $157,323 to replace city vehicles and equipment,
$661,338 for debt service, $640,500 for capital improvements and
$872,171 for the city’s Street Fund to maintain city roadways.
Mayor David Wilson said the entire $640,500 allocated for capital
improvements would be carried over to the 2003-2004 budget because the
city is planning no major improvement projects for the coming fiscal
noted that the city will likely schedule several new capital projects
for 2004, including one to resurface Elkhorn Road south of its northern
intersection with Village Loop Road.
reviewing the proposed budget before the vote, Wilson explained that the
no new city staff positions, but did propose $72,000 be set aside
for city staffers to receive pay raises during the fiscal year. The
city plans to keep approximately 25 full-time employees and 25
part-time employees for the year.
no money for land acquisition, although the city does have
approximately $200,000 held in reserve for that purpose.
no increases to the salaries for the mayor or city council members.
for "no big capital projects."
approved budget was only altered slightly from the version presented to
the council by City Administrator Dan Pincetich.
Kevin Laird asked that $15,500 designated in the General Fund to support
the Wood River Rideshare Program be withheld.
he thought the program’s 20-or-so active participants were "not
enough" to justify the subsidy.
noted that he thought the city would show adequate support for public
transportation by maintaining a $20,000 allocation to the Peak Bus
program and a separate $329,000 appropriation to the KART bus system.
Latham Williams agreed. "This is a year in which we’re having to
make some very tough choices about where our taxpayers’ dollars are
going," he said.
approving the budget, council members agreed to withhold the money and
redirect it into the city’s "contingency reserve" fund.
drafting the 2002-2003 budget, Pincetich anticipated that
local-option-tax revenues will not increase during the 2002-2003 fiscal
are estimated to bring in $1,120,500 for both the current and upcoming
fiscal years, down from more than $1.3 million in 2000-2001.
Pincetich predicted an appreciable increase in revenues from property
taxes—which are set to go up 3 percent—and state funds derived from
approved budget includes only small increases from last year for the
city police and fire departments.
police department will receive $720,068 in funding, while the fire
department will be allocated $354,388.
of a separate vote last week, directors of the Sun Valley Water and
Sewer District approved a $2,861,800 budget for the 2002-2003 fiscal
district did not propose water- or sewer-fee increases for residential