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| City budget not rosy, but steady as she goes Wednesday, August 08, 2012 Gail Gilmore Springtown’s city administrator Mark Krey reviewed budget highlights for the Optimist Club this week, after completing a day-long workshop with elected officials over the weekend.
The proposed budget is balanced with projected increases in revenue from sales tax and court-related fees, and without a tax rate increase, Krey said Tuesday. The city also has budgeted for a smaller payment for fire protection service from Parker County Emergency Services District (ESD) #1, which also collects taxes from residents in its district.
City employees are getting modest raises, the street department is getting new heavy equipment, and the police department will once again plan purchases of new vehicles every year, according to discussion during the workshop on Aug. 4. Projected tax revenues are $868,550, according to the budget documents from that workshop. The city’s budget is eased significantly by sales tax revenues which have shown an upward trend during the current fiscal year, Krey said. A new gas station and convenience store opening soon on the west side of town is expected to continue the rosy sales tax picture. The city plans two big capital improvement projects, one to the wastewater treatment plant that will be funded with a low-interest loan available from the state and the second to improve Tabernacle Square in the city’s center. Costs to the city for those two projects will be spread over a long term and do not impact any one budget. The city plans no increase to its current .623 percent tax rate. The next fiscal year begins Oct. 1, 2012.
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