Conservative budget in the works for 2011
Wednesday, November 17, 2010
Members of the City Council’s finance committee, along with other council members, the mayor and department heads, are working on a city budget for 2011. With incoming tax revenue on a slow but steady increase, Gentry Mayor Wes Hogue urged conservative budgeting again for the upcoming year. Though sales taxes are looking slightly better, Hogue expressed concern over county taxes coming into the city, which have functioned as the city’s cash reserves. The amount the city has been able to retain in reserves and carry over has declined and is down to $100,000 this year Hogue said. He said he anticipated the city would have to be very conservative, at least until the remainder of the 5-year note on the fire department improvement is paid off. Committee members reviewed the proposed police department budget for next year, making only a few minor adjustments. In addition to some items necessary for maintaining secure police records, the department has requested money be budgeted for a new police car in 201
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News, Pages 5 on 11/17/2010