City back in black
Jul 21, 2015 at 12:28 PM
That's the message from city leaders Monday night during a special work session in which the fiscal year 2013-14 budget was introduced.
City Manager Pat McGinnis said there is a balanced budget this year, with spending totaling $10,496,000. That's $260,380 less than the projected income for the year.
More notably, McGinnis said it will be a year that many projects are coming together. He said there’s about $13 million to $14 million worth of capital projects taking place over the course of the coming fiscal year.
“We are seeing this big investment in Grand Haven this year,” McGinnis said. “It’s going to be a busy year with no increases in the tax rate.”
The city's upcoming big tasks include the Beacon Boulevard utility project, lighthouse painting, fixing the Lake Avenue retaining wall and improvements to the Municipal Marina boat docks.
McGinnis noted that many of these projects are the result of years of planning and obtaining funds, either from city coffers or grants.
“We’ve got an experienced City Council that is savvy about the budget,” the city manager said. “There is a constant vigilance to keep it under control.”
City leaders say they are also keeping a keen eye on the future.
“If there’s a risk, it’s that the (tax increment financing) projects took a hit in 2008,” McGinnis said, noting that this was the year in which the economy tanked.
City residents will soon have their chance to offer feedback on the proposed budget.
“We have a public hearing scheduled for the budget on May 6,” McGinnis said, noting that the budget could be approved at the end of May.
To read more of this story, see today’s print or e-edition of the Grand Haven Tribune.