City ups budget by $1.3 million
Published: Thursday, September 13th, 2012
The budget for the City of Custer in 2013 is project- ed at $6,677,653, up from $5.3 million in 2012.
However, the bulk of that increase is due to a planned sewer line project that city officials believe in the long run will save the city money. The project, which will sleeve rotting pipes and limit groundwater infiltration into the pipes, is budgeted at $1.6 million, which is being paid for through a State Revolving Fund loan. The council passed the first reading of its 2013 appropriations budget at its Sept. 4 meeting.
The city’s general fund budget is down from a year ago, from $2.7 million to $2.5 million. However, the city will have to pull $256,525 out of its reserves to balance the general fund budget.
City finance officer Laurie Woodward said the expenditures in the general fund are down almost across the board, including less in the mayor and council budget, buildings and in capital improvements, which is down $60,000 from a year ago.
The city is asking for a total levy of $787,695 for its general fund this year, a rise from last year. Last year’s levy was 5.097 and will rise to 6.089 this year. That means property owners in the city will see a levy increase of 29 cents per $1,000 of valuation. That means for every $100,000 of property value, they will pay $29 more in taxes.
Available only in the print version of the Custer County Chronicle. To subscribe, call 605-673-2217.
Click Here To See More Stories Like This