2017 budget expenditures exceed revenue

black-hawkJohn Scarffe, Black Hawk.  The Black Hawk City Council approved the 2017 city budget and set the mill levy during a regular meeting on Wednesday, November 9, 2016 at 3 p.m., at 211 Church Street. Finance Director Lance Hillis introduced the resolution summarizing expenditures and revenues for each fund.

In a message introducing the budget, Hillis and City Manager Jack Lewis wrote that each
Department’s budget is similar to 2016 with the exception of several items. “Due to ambitious capital projects proposed and/or incurred for 2016 and 2017, the Capital Projects Fund, Preservation & Restoration Fund and the Water Fund are projected to have significant deficit spending,” according to the message.

The 2017 budget includes a total revenue projection of $27.3 million for all funds, a decrease of 2.4 percent compared to the estimated revenue for 2016. Gaming Tax revenue is projected to be flat in 2017 compared to 2016 with roughly 8,050 devices in use into 2017.

City staff also expects sales tax revenue to be flat for 2017. The 2017 budget includes no increase in sales tax, device fees, property tax or water rates. Expenditures total $31.5 million. Two new positions have been proposed for 2017, and the 2017 Budget includes funding for a 2.2 percent salary adjustment.

The Capital Fund does not propose any new major projects for 2017, just the continuation of Gregory Street Redevelopment, St. Charles Parking Structure and Maryland Mountain improvements. New capital projects within the Preservation & Restoration Fund including the rehabilitation of two residential homes, cleanup and trial system improvements on Maryland Mountain and Chase Street undergrounding, according to the message.

The Council approved the 2017 budget and set the general property tax mill levy at .036 mills for 2016, to be collected in 2017.

(Published in the November 17, 2016 print edition of The Mountain-Ear.)