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Articles About budget
At its regular meeting on Nov. 15, held via Zoom, Village Council took several steps toward appropriating funds for the 2022 budget, which will be voted on at its Dec. 6 meeting.
After finishing the last two fiscal years with revenues higher than expenditures, Yellow Springs school leaders anticipate a return to deficit spending this fiscal year (FY), which ends June 30, 2022, according to the district’s latest five-year financial forecast.
The Village of Yellow Springs plans to spend about a million dollars more than it takes in next year. As a result, general fund reserves are set to drop to their lowest level in recent years.
There’s money to spend, but not for long. That was the message from Village of Yellow Springs officials, who plan to dip into reserves to cover $1 million in deficit spending next year.
Village Council’s recent decision to finish downtown streetscape improvements in 2016 has tipped the general fund budget back into the red by roughly a quarter of a million dollars. Budget figures presented at Council’s latest round of budget talks, on Nov. 2, revise the earlier forecasts of a surplus in the 2016 general fund, which represents the majority of the Village’s operating budget outside of its enterprise funds.
The 2016 Miami Township tax budget includes funds for the purchase of a new ambulance and a command vehicle for the Miami Township Fire-Rescue squad.
Policing is unique to each community, and each police department is designed around its own community’s population, budget, crime trends, minimum manning levels and sometimes a detailed work-load analysis. But comparing Yellow Springs police to police in comparable towns highlights some similarities and some differences between departments.
There was good news regarding last year’s Village general fund budget at Village Council’s Jan. 20 meeting, according to Finance Director Melissa Vanzant. In 2014, revenues exceeded projections and expenses came in lower than expected.