City of GJ reduces budget by 8% from 2013
Grand Junction City Council unanimously approved the city’s $132.4 million budget for 2014 at its regular council meeting on Wednesday. The budget reflects more than a $13 million decrease from the 2013 budget.
City leadership staff has met with City Council regularly since July in planning the 2014 budget. The budget is conservative in both its revenue estimates and spending, and is built on projections of annual revenues that are staying relatively flat, according to a city news release.
Following are some budget highlights:
Budget includes decreased capital spending primarily as a result of the completion of several large projects including the public safety facilities (fire administration and station # 2 remodel), infrastructure for two new truck stops near 22 Road, and parks improvements including pool upgrades and the Lincoln Park redevelopment.
New capital for 2014 includes: A fire training facility; design and relocation of fire station # 4; beginning of development of Las Colonias Park; Horizon Drive interchange; targeted street and sidewalk improvements; beginning of the North Avenue streetscape project; Avalon Theatre renovation; water and sewer line replacements.
Operating expenses remain flat form 2013.
Increase of 2.5 percent in labor costs due to increase in employee health insurance costs (split between city and employees) as well as the second half implementation of the 2012 employee compensation market survey.
No new positions were added.
$2 million in city council economic development and community partnerships.
More than $19 million General Fund Balance retained.
“City Council devoted a significant amount of time to preparing this budget along with city staff,” Mayor Sam Susuras said in the news release. “I am proud of the work that went into this and I feel it is a very responsible, balanced budget.”
To review the budget documents, visit the city’s website at http://www.gjcity.org and look for the link under “City Spotlight.”
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