LAMPASAS — With a $1.03 million deficit in its preliminary budget, city staff members are working on ways to reduce expenses before a special workshop meeting Monday.
“We’ve already got that number down to a couple of hundred thousand,” said Finley deGraffenried, city manager.
The city’s total estimated expenses in the 2015 fiscal year budget is about $26.7 million,
a $955,700 increase compared
to last year’s, according to budget documents.
Most of the increase in expenses is because of capital improvement projects and a 4 percent, across-the-board raise for city employees, deGraffenried said.
The city also will increase the salaries of at least 19 positions — such as electrical lineman, certified wastewater operations and building officials — to make sure the city does not lose employees to nearby, higher paying municipalities, he said.
The city’s total estimated revenue for FY 2015 is $25.7 million, about $74,000 less than last year’s budgeted revenue, according to documents.
“We are trying to look at ways to increase revenue production, which would include things like building permits and utility rates,” deGraffenried said.
The preliminary budget was calculated with the current property tax rate of 39.5 cents per $100 of appraised property valuation. DeGraffenried said council members hope to maintain the tax rate.
The proposed budget will be presented to council members for a vote in late August, followed by two public hearings. It will be formally accepted in September.