The Soldotna City Council passed its Fiscal Year 2014 budget at Wednesday night’s meeting.
The operating budget, which goes into effect on July 1, estimates total operating revenues for Soldotna to be $13,174,787, with $7.85 million of that projected revenue to come from sales tax. The expenditure budget is scheduled at $13,996,245 — an increase of about 8 percent compared to last year.
One of the factors contributing to the increase is the wage increase for city employees to make salaries more inline with those of other area municipal employees. The increased pay range, along with other changes to employee schedule changes were adopted by the council at the May 22 city meeting.
In a work session, the council decided to increase capital projects funding from $1.2 million to $1.3 million, and, at the June 12 city meeting, the council lowered the mill rate from 0.65mills to 0.5 mills.
“I think it is a very conservative, well put-together budget. I think it will serve the city well for the coming year,” council member Dale Bagley said.
“We’re trying to make things happen and take care of roads and fix our town, and I think it’s a good budget,” council member Nancy Eoff said.
The FY 14 budget is effective from July 1, 2013 to June 30, 2014.
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