Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Adoption topic
No spam. Unsubscribe anytime.
Jerome adopts FY2027 budget after board debate on water fund shortfall
Summary
The Village of Jerome Board adopted the FY2027 annual budget after staff said they trimmed spending and warned that the Water Account’s revenues do not cover water and sewer expenses, noting the village may need to raise water rates.
President Mike Lopez opened discussion of the annual budget for the fiscal year ending April 30, 2027. Executive Assistant Steve Roth said he and Treasurer Emily Snow "went through the budget and trimmed it down by moving some expenses to the special accounts." Roth told the board the Water Account needs attention and that "the water rates need to be increased as the revenue that is coming in is not covering the water and sewer expenses." He also said some items "could be paid out of the Business District" and noted there are funds available for summer help.
Trustee Leigh Irons moved to approve the FY2027 budget; Trustee Ralph Irons seconded. The minutes record an initial roll-call vote in which "all voted AYE; except Trustee Lael voted NO," and the motion passed. The board then entered executive session and, after returning, approved the budget again on a subsequent roll-call where the minutes record "all voted AYE." The minutes do not document any specific rate change ordinance or the timing of a rate increase; those details remain to be determined by staff and the board.
The budget adoption authorizes spending and sets fund targets for the coming fiscal year. The minutes identify the water fund as a pressure point: staff said revenues are not covering costs and recommended considering a rate increase to address the shortfall. The minutes do not list a formal schedule or amount for any rate change.
