New traffic signal, park improvements top 2013 Winter Park budget
November 23, 2012
The new traffic signal at the intersection of King’s Crossing Road and Highway 40 in Winter Park is the largest ticket item on the 2013 budget for the town of Winter Park.
The town is still waiting on grant funding as well as possible funding from Colorado Department of Transportation to finalize the cost of the project to the town. The total cost of the project is estimated at $1.2 million.
Completing the upgrades to Wolf Park is on the town’s checklist for next year and the town is also putting a good chunk of funds aside for marketing purposes to help promote the town’s events they have planned.
The town received a grant from Great Outdoors Colorado, or GOCO, for the improvements to Wolf Park, which will be completed during the spring of next year. The total cost of the project is $188,000 with $122,990 of that cost being paid for with the GOCO grant and the rest being paid by the town and through in-kind contributions.
The town is also setting money aside for other park upgrades including acquiring new easements for trails in and around the town and paving, street, and gutter repairs.
While the town didn’t see the sales tax revenue it normally does this year due to last winter’s lackluster weather, it covered the decline in winter revenues with the town’s third-highest summer in terms of sales tax revenue.
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Town officials are hoping for another good year for sales tax revenue, but they are keeping the budget conservative and not planning on another large jump like they saw last year.
The town holds no debt and has $7 million in reserves going into 2013.
The town of Winter Park has received the “Distinguished Budget Presentation Award” from the Government Finance Officers Association every year since 2009 and is on track to receive the award again this year. The award is given to individual governments that prepare budget documents of the highest quality.
Bill Wengert, Winter Park’s finance director, prepares a “budget in brief” document, along with a full budget document, that outlines the town’s budget in a simple and easy to read format. Both documents can be found on Winter Park’s website, http://www.winterparkgov.com/.
The final meeting for the budget is scheduled to take place Dec. 4, when the budget is up for approval by the Town Council.