|Mayor Battle Presents Balanced Budget for FY2014
FOR IMMEDIATE RELEASE
August 22, 2013
(Huntsville, AL) – Mayor Tommy Battle presented the City of Huntsville’s Fiscal Year 2014 Budget to City Council members at their regular meeting Thursday night, Aug. 22. The $242 million budget represents a modest 2.4 percent increase over FY2013.
“Overall, there are no surprises,” said Mayor Battle. “Financially speaking, we continue to remain lean, but we are still able to provide the same services to our citizens as we provided last year.”
Mayor Battle says the majority of the $5.1 million budget increase will be absorbed by mandated insurance costs, retirement and personnel expenses, including health care.
Finance Director Randy Taylor told City Council members that sales tax revenues have been sluggish this year, running under the three percent projection. For 2014 and beyond, however, things are looking brighter.
“Even though sales tax collections are running slightly behind our projections this year, every future indicator is positive,” said Taylor. “Building permits are up 40 percent this year, and we are seeing growth across the board.”
While optimistic, the City has conservatively factored in another three percent increase in sales tax revenues in the FY 2014 budget. This allows the City to better respond to an unexpected decline in revenues.
“I would much rather be pleasantly rewarded with unexpected resources than to be struggling to make ends meet,” said Mayor Battle. “We are presenting a solid, balanced budget that accommodates our basic needs, ensures the safety of the public, and allows us to provide the primary services our citizens need and deserve.”
For more information, contact:
Kelly Cooper Schrimsher, Director of Communications, Office of the Mayor, City of Huntsville, 256-427-5006 (w), email@example.com
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