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Poulsbo budget process begins

POULSBO — City Finance Director Deb Booher presented a preliminary schedule and proposed 2013 budget to the City Council to review Wednesday.

The total proposed budget is $24.2 million. General fund revenue is budgeted at $10.9 million, 71 percent coming from taxes, and expenses are estimated at $9.9 million.

Booher also gave an update of the current budget, and the city is behind on its projected sales tax revenue. Booher and Mayor Becky Erickson are not confident the city will collect the $2.8 million estimated in the 2012 budget, and have reduced the 2013 sales tax revenue projection by nearly $200,000 from the 2012 projection.

However, capital projects are finishing under cost, and Booher said the city still may not touch the $200,000 the council allocated for reserves as a contingency.

The city has spent approximately $19 million as of Aug. 31, above what was budgeted by this time of year.

The council will discuss the budget next at its Nov. 11 meeting, and hold public hearings Nov. 14 and 21. The council expects to adopt the budget in December.

 

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