City passes $2.1 million budget

The City of Springfield passed the budget for the 2012-13 fiscal year on June 22 during a special-called meeting.

The balanced budget comes in at $2,139,620, nearly $24,000 less than last fiscal year.
Estimated income from occupational taxes rose from last year. For 2011-12, the city estimated $750,000 in revenue from the tax. For 2012-13, the city estimated $775,000.
The actual income from occupational taxes in 2010-11 was $839,297. The year-to-date revenue from occupational taxes in 2011-12 is $875,428, according to the April 2012 monthly report that was presented at the June regular scheduled council meeting.
For the second year in a row, the city contributed $80,000 to SWEDA. In previous years, the city and the county agreed to contribute equal amounts, which was set at $90,000.
The reduction in contribution was discussed more at length during the June SWEDA meeting. See page A8.
The new budget goes into effect on July 1.

BUDGET BY THE NUMBERS

Estimated revenues

Property tax - $275,000
City license - $320,000
Base court revenue - $15,000
Dispatcher contribution - $150,868
Police revenue - $45,000
Occupational tax - $775,000
Zoning permits - $4,000
ABC - $5,000
KLEFPF - $24,621
Franchise tax - $95,000
Project income - $1,500
Misc. - $25,000
Grant revenue - $15,000
Main Street / Renaissance - $15,000
Rent - $6,600
Opera House rent - $18,000
Housing Authority (pilot) - $15,000
Mineral severance - $6,300
Interest - $2,500
Tourism tax - $120,000
Previous year balance - $205,231

Estimated expenditures

Administration - $456,881
Police - $576,131
Dispatch - $305,300
Fire - $150,028
City property - $51,549
Public works - $262,699
Park - $138,115
Legal / ABC / PlComm, BOZA / Housing - $20,650
Main St. / Renaissance - $107,726
Misc. contingency - $70,542