Fraser holds the line with another ‘don’t panic’ budget in 2011
November 19, 2010
Last year, Fraser’s budget message was, “Shave everywhere you can, but don’t panic. We’ll be OK.”
This year, the budget message is pretty much the same, said Town Manager Jeff Durbin.
On Nov. 17, the board of trustees will hold a second public hearing on the proposed $5.3 million in spending (not including joint facilities) for the 2011 budget cycle.
The budget proposes no salary increases for the town’s employees and involves reserve spending of about $300,000 out of the wastewater fund and $450,000 out of the general reserve fund. $200,000 is not expected to be spent, Durbin said: “It’s things we budget for and hope don’t happen.”
The projected carry-over fund balance is $2.2 million.
Durbin added that the town can afford to continue providing the same level of service while drawing down its reserves by about the same amount each year through 2017, and still spend $750,000 over the next three years for road improvements.
“We’ve been preparing to weather the storms,” Durbin said.
The town still plans to fund a marketing program. 3.3 percent of sales tax (about $50,000) usually goes to the Winter Park-Fraser Valley Chamber of Commerce via the state. This year, Durbin said, the town might consider redirecting a portion of that – perhaps $10,000 – to a business grant program or something like that. The town will give the chamber another $15,000 for general events, including Fraser Days and the Fourth of July and $10,000 goes to putting on Picnic in the Park.
Final budget adoption is set for Dec. 1. A copy of the budget can be found at town hall.