The Daily Journal piece on the audit results have generated some council commentary on building up our reserves instead of taking on new projects right away.
The city’s annual audit revealed the city’s net position increased $13.1 million, or 7.4 percent, during the fiscal year ending June 30, 2013. The city’s current total budget is $64.6 million. The largest positive budget variance was reported for the transient occupancy tax, or hotel tax, which totaled $18.2 million, up $2 million from the previous year. Property and sales tax revenues were up for a combined $1.4 million — as the economy continued its measured recovery from the 2009 downturn, according to a staff report.
The council sentiment is quoted as "Also in agreement with Deal and Nagel was Councilman Ricardo Ortiz who would like the extra money to be saved for now." and I can't imagine council members Brownrigg or Keighran disagreeing with that. Maybe just a little to commission a local artist to do a new painting of Anson B'game for city chambers? I'll bet a couple of hundred would do the job. In the meantime, keep shopping B'game.
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