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Council OKs $17.9M tentative budget

Modified: Wednesday, Jul 3rd, 2013

Rick Olson

[UPDATED JULY 3] Five months after deciding that money from city land sales would be used to pay the city’s bond debt, city council on June 26 decided not to do that.

City Manager Rick Olson told councilors that the land fund has been running a deficit of about $173,000. So when the final payment on a prior land sale was made recently, he recommended that council leave the money—about $140,000—in the land fund, then transfer $33,000 from the capital projects fund to balance the land fund.

Council approved unanimously.

For the complete article see the 07-03-2013 issue.

Click here to purchase an electronic version of the 07-03-2013 paper.

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