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Akin addresses city budget
Stockdale City Manager Banks Akin and the Stockdale City Council are calculating the numbers for the 2014-15 fiscal year.
With the current fiscal year only half over, Akin does not believe an increase in ad valorem taxes will be needed. He presented this during a city council workshop April 7.
The city manager calculates that the city needs $360,000 in revenue for the coming year. Current revenue is $390,000.
Akin said the appraised property values, currently $51 million, should remain the same. With the addition of Ritter Construction and Fox Chapel Oil Field Services in the city, a 12 to 14 percent increase in revenue could be seen next year. Due to development within the Stockdale Industrial Park, ad valorem values in Stockdale are anticipated to increase by $5 million, for a total of $56 million. (See page 4A for more.)
The city income also got help from Mother Nature, with the 2013-14 early winter boosting the natural gas account. Normally, this account operates in the red, but it currently is in the black. The largest amount of natural gas sold in the city previously was 1.2 million cubic feet. During the past three months, Stockdale customers utilized from 2.1 million cubic feet to a high of 2.6 million cubic feet, Akin said.
Also related to utilities, the city manager anticipates water usage to double. With Gibson Energy locating in the industrial park, Akin expects an additional $30,000 in revenue from water sales, not including wastewater usage.
In another water-related item, funding for the tower’s aerator is expected in June in the form of a $275,000 Texas Community Development Block Grant.
Continuing with infrastructure matters, the street account is estimated at $300,000 to $380,000, Akin said. Of this, $200,000 is allocated for street projects selected during the March 5 meeting. (See March 12, “Stockdale targets infrastructure projects.”)
While the city manager was reviewing projects to be addressed, he cited needs in the city’s parks. The city park’s playground mulch needs to be replaced and restrooms are needed in the central park, he said.
Akin also suggested the city close the Emergency Medical Services (EMS) ambulance fund of $11,492 and the EMS fund of $14,875. He recommended the city should transfer this money to an account for the fire department, since its fire truck is in dire need of replacement.
As these were recommendations during a workshop, the council took no action on any of the items.
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