Posted Dec 16, 2014, 8:22 PM
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Join Date: Jun 2014
Location: Tuscaloosa
Posts: 515
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Northport City Council approves of 46 million dollar budget
Quote:
The Northport City Council unanimously approved a 2015 budget Monday totalling $46 million.
Overall, the 2015 budget is very similar to 2014, with the city planning to spend $23.8 million in its general fund and $9.7 million in its water and sewer budget. In 2014, the city budgeted $24.4 million in its general fund and $8.6 million in the water and sewer fund. Unlike 2014, there is an additional $14 million in capital projects being paid for through a bond issue taken out earlier this year.
As part of the new budget, Northport city employees will get around a 3.1 percent raise in February, which includes a step raise of up to 1.5 percent and a cost of living increase of 1.6 percent, said City Administrator Scott Collins. The total financial impact to the city will be around $430,000.
"The budget is really similar to last year's budget," said Council President Jay Logan. "We tried to be financially responsible and are very proud to provide raises while paying down our debt. We are getting to a point where Northport has never been in 20 years, very financially solvent."
Other expenditures include a $750,000 rehabilitation of a water tank on Charley Shirley Road. The city also plans to give $100,000 a year for the next three years to Kentuck to serve as matching funds for the rehabilitation of its building downtown, plus $40,000 for operations, an increase from $25,000 last year.
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