City Budget Meeting
The City of San Marcos’ officials have kick-started the process for the new 2014-2015 city budget.
City Council hosted a meeting last Thursday to discuss the new budget for the 2014-2015 year. The meeting marked one of the many meetings to come prior to the start of the budget year beginning in October. During the meeting, goals for long and short-term financial planning were discussed as well as fund balances, revenues, and debt. Chief financial officer Steve Parker says the city of San Marcos is on a good path in the economy road.
“It’s just giving the council an idea of where the financial status of the city lies and I’ll be honest we’re in a very good position right now budget-wise. The economy is strong, the trends are strong so it’s a good time to be doing budgets in cities.”
– Steve Parker
According to the city of San Marcos, the total revenue of the 2013 year was 48.2 million with the total expenses being 46.1 million. The expected revenue for 2014 is set at 50.2 million with recurring expenses at 48.9 million. A new expense that the council took into order was the new health-care law which started back in January. Even with this new law, Parker says city council is working to ensure the economic stability of the city.
“We had been on such a conservative mode for so long, we’re kind of a little bit behind in non-civil service staffing and we’re kind of not having a lot of money to do a lot of high level wish list. This is really about the core issues that the city of San Marcos has to provide.”
– Steve Parker
An official budget policy adoption is set for September. If you want to know more about the city’s budget policy, you can check it out at the City of San Marcos website.
Isamar Terrazas, KTSW News