Gibson City council approves balanced budget

Gibson City council approves balanced budget

GIBSON CITY — Council members have unanimously approved another balanced budget of $5.5 million for fiscal year 2013-14.

"We made up our minds that we're not going to spend money we don't have," Mayor Dan Dickey said of the council's continued effort to balance the budget.

The council this week also unanimously approved an appropriations ordinance to allow spending the budget amount plus 10 percent.

Figures presented by finance committee Chairman Nelda Jordan showed expected revenue of $6.3 million would produce an $800,000 surplus.

Dickey said saving the surplus to pay for future needed infrastructure improvements is one way the city stays debt-free.

This year's budget is smaller than the previous year's $6.2 million. Dickey said the difference is that fewer large projects are planned.

In other business, local Girl Scouts presented a check for $600 from their recent bake sale to benefit the city pool's purchase of a wheel-chair lift.

Alderman Dean Kidd, liaison to the city-appointed pool board, also recognized donations from the Lions Club ($2,500), Rotary Club ($300), and a neighborhood lemonade stand ($52) toward the lift's $6,700 cost.

 

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