City unveils ambitious budget plan for new services

In a recent government meeting, city officials outlined key priorities and challenges for the upcoming fiscal year, focusing on two new enterprise funds, employee retention strategies, and budget projections amid economic uncertainties.

The city is set to introduce an ambulance fund and a Gross Receipts Tax (GRT) fund, both effective January 1. The ambulance fund is projected to generate approximately $1.3 million in revenue against expected expenses of $1.4 million, necessitating a $90,000 transfer from the general fund. This new fund aims to replace previous contracts with private ambulance services, which cost the city $120,000 annually. The GRT fund will support emergency medical services and infrastructure, with revenue estimates to be refined mid-year.

Employee retention emerged as a significant concern, with plans for a 3% salary increase for all city employees and enhancements to health benefits, including the city covering 90% of insurance costs. Additionally, a new disability plan, fully funded by the city, will provide both short-term and long-term coverage for employees.

Budget discussions also highlighted the need for conservative revenue projections due to anticipated economic changes. Officials noted that while historical data showed a spike in GRT revenues due to government stimulus, future growth is expected to stabilize. The city’s investment earnings, which totaled $217,000 last fiscal year, may also be impacted by potential interest rate adjustments.

Project funding was another focal point, with the city planning to complete existing projects and initiate new ones, including a $1.1 million grant for a new ladder truck and $150,000 for an ambulance. Other allocations include $75,000 for recreation center improvements and $200,000 for domestic violence services.

Overall, the city anticipates $11.3 million in general fund revenues against $10.4 million in expenses, with significant allocations for debt service and inmate care. The meeting concluded with an invitation for public questions, emphasizing transparency in the budgeting process.