Articles About VC budget
There were no easy options presented by Assistant Village Manager John Yung in his report on local sidewalks to Village Council at its May 18 meeting.
At Village Council’s May 18 meeting, Council gave final approval to a new policy regarding delinquent utility bills, bringing to an end several months of sometimes contentious protest.
At Village Council’s Jan. 3 meeting, Council members revisited the 2012 general fund budget and proposed Village capital projects for this year. Overall, the Village anticipates a drop in its general fund of about 25 percent compared to 2011,
In these difficult economic times, it’s a familiar story for states and municipalities: while revenues are falling, costs are rising. And that’s the story again this year for the Village of Yellow Springs.
t the Aug. 1 regular Village Council meeting, Village Manager Mark Cundiff recommended that Village staff receive a 2 percent annual raise for all regular full and part-time employees, retroactive to July 3.
Local institutions are reeling from the release of Gov. John Kasich’s biennial budget last week, which proposes funding cuts for local governments, schools, libraries and elder care facilities.
The Village budget for the 2011 general fund is slightly leaner than last year’s budget, with anticipated expenses down 1.6 percent from 2010.
The proposed 2011 Village budget is a “fiscally prudent document” that allows the Village to pursue several critical capital projects in the upcoming year, according to Village Manager Mark Cundiff.
Tax revenues for the Village of Yellow Springs have continued to drop in the first half of 2010, according to Village Finance Director Sharon Potter, but at a lower rate than in 2009. While Village leaders are hopeful that this smaller drop indicates that the economic downturn is easing up at the local level, they are feeling cautious regarding costly new projects.
At their meeting on Monday, March 15, Village Council members approved 5–0 the first reading of the Village budget for 2010. After three budget workshops on Feb. 9 and 23 and March 6, Council agreed on a total budget of $13,553,490 for 2010, including $3,671,167 allocated for the general fund; $1,616,810 for the special revenues fund; $126,353 for the debt services fund; $520,500 for the capitol projects fund; and $7,618,660 for the enterprise funds.