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

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.