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City: Coffers look hearty for 2009-10

At this point, Ennis’ budget outlook for next year is strong enough that no additional fee or tax increases, service cuts or job losses are expected this fall, the city manager said.
That separates Ennis from areas around the state and nation, where shrinking tax bases and revenue shortfalls are straining municipal operations.
City Manager Steve Howerton said proactive budgeting in recent years has put Ennis in a favorable financial position moving into next year’s budget setting, which begins with a workshop in July.
However, the budget for 2009-10 will likely have little capital, which means little investment power, Howerton said.
“This will be the smallest amount of capital we have ever recommended,” he said.
Without such investments, Howerton said, a city’s services will decline over a period of three to five years without capital in the budget.
“It will also mean there will be probably less immediate work done when people say ‘let’s do this project’, ” Howerton said. “We’re going to be able to take care of essentials.”
The relative security this year is, in part, based on planning the industrial growth of the city, Howerton said. One fairly large tax abatement will be rolling off in the coming year that will add another $50-$70 million to the city’s tax roll.

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Posted by on Jun 24 2009. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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