Granby stays ‘conservative’ with 2014 budget
December 17, 2013
For the coming fiscal year, the town of Granby will continue work on keeping expenses down.
The town came out on for the last two years using this strategy, adding a small amount to its reserves. According to town manager Wally Baird, that surplus amounted to around $100,000 in 2012 and about $30,000 in 2013.
"Employees have done a pretty outstanding job of keeping expenditures down as much as possible," Baird said.
Sales tax revenue has increased steadily since 2008, Baird said. It generated $1.69 million in 2012 and is projected to bring in $1.79 this year. The town is budgeting $1.83 for 2014.
Although sale tax income is up, Baird said revenue from use taxes is still down from its high in 2007 of $940,000. The tax comes from vehicles, building supplies and other goods purchased outside the county. Next year, town officials are budgeting $120,000 from the tax. According to Baird, the decrease is a result of the economic recession's toll on construction in the county.
"Nobody's building," he said.
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Town of Granby administrators are planning on funding a few capital improvement projects over the coming year, including preliminary engineering work and soil surveys for the pedestrian bridge over the railroad track. They're also exploring development on Raffety Park, near the soccer dome. The town will also be working on re-pavement projects, including much-needed repairs and improvements along Christiansen Avenue near Middle Park High School.
"It's pretty rough shape, with a lot of horizontal cracking, frost heaves," Baird said. "It makes it difficult to drive down the road."
The complete 2014 budget is available on the Granby town website.
Leia Larsen can be reached at 970-887-3334 ext. 19603.