Finance Manager Outlines Highlights Of 2014 Budget - The Missourian: Local News

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Finance Manager Outlines Highlights Of 2014 Budget

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Posted: Saturday, August 31, 2013 6:32 pm | Updated: 9:16 pm, Tue Sep 3, 2013.

Washington’s finance manager, Mary Sprung, updated the city council on budget highlights for the proposed 2014 budget.

Sprung said all funds are in balance and have healthy reserves.

Other highlights a include a property tax revenue decrease of $221,000, or 10 percent;

An estimated 1 percent sales tax increase, or $40,000, is due to incoming businesses in the Phoenix Center development;

No salary or wage increases; and

An estimated 15 percent health insurance increase.

The budget will be presented at a public hearing scheduled for Tuesday, Sept. 3, at the city council meeting, which begins at 7 p.m. at city hall.