Superior reviews possible budget options

IMG_0768.tif

By Chase Kamp

Superior Sun

The Superior Town Council held two work sessions in May with its financial consultant to create a plan of action to address its projected FY 2012-13 budget shortfall of $4 million. The amount primarily consists of inter-fund loan debt from the County and the state Highway User Revenue Fund, but Town expenditures have also annually exceeded revenues partly due to lower state shared funds and tax revenue.

Among the aims of the ongoing budget talks are to prepare a five-year forecast and reach a council consensus on three general fund scenarios for the town to consider, said Pat Walker of Walker Consulting, who was hired by Resolution Copper Company to assist the council through the budget process.

As of the 2010 audit, the town owed about $1.5 million to HURF and more than $900,000 to the Pinal County excise tax fund.

Walker insisted that decisions needed to be made quickly to offset the growing debt, as it is currently operating at a deficit. The town is projected to have a year-end expense overage of about $380,000.

Walker reviewed the financial reality of a proposed intergovernmental agreement with the Pinal County Sheriff’s Office to take on police service in the town and shuttering the municipal police department. If signed, Walker’s data showed the agreement would be a net cost savings to the town for the first two years, then a net loss for the next two.

Projected police department costs for FY 2014 were around $769,000 while PCSO and dispatch services would be a little more than $715,000, for a savings of around $54,000 for the town. The savings amount would increase slightly the year after due to anticipated rising costs for continued police service.

However, the proposed PCSO deal would up the cost of police and dispatch services to more than $820,000 in its third year and thereafter. This would come at a projected cost of about $20,000 for the town in FY 2016 and $4,345 in FY 2017.

Some possible scenarios Walker presented for added revenue included charging for ambulance refusals, reviewing primary property tax use restrictions and additional sales tax.

Leave a Reply

  • Latest News

    SR 77 Aravaipa Creek Bridge Replacement Project

    15 hours ago
    by

    The Arizona Department of Transportation is set to begin a construction project this month to replace the Aravaipa Creek Bridge […]


    Pastor’s Corner: Celebrating the Sacrifice of Jesus Christ

    April 15th, 2014
    by

    In John 19:28-30 we read these words:  “Knowing that all was now completed and so that the Scripture would be fulfilled,


    Cross country runner makes stop in Superior to help veterans

    April 15th, 2014
    by

    Anna Judd, a 29-year-old resident of Orange County, has set out on a mission to run across America to raise money and awareness for veterans.


    Superior Little League parade is Monday

    April 15th, 2014
    by

    The Superior Little League will kick off its 2014 Major and Minor Baseball and Softball League seasons with the annual Little League Parade on Monday, April 21.


  • More Stories

    Valentine’s month ‘Hearts Rock’ photography at the Arboretum

    February 5th, 2014
    by

    February is a special month for lovers, including lovers of the Boyce Thompson Arboretum (BTA). In celebration of this special […]


    Batter up for the 2014 Little League season

    February 5th, 2014
    by

    The Superior Little League Board of directors are gearing up for another community tradition and that is Little League Baseball/Softball. […]


    Need a ride? New service available in Superior

    February 5th, 2014
    by

    Superior – There is a new business in the town of Superior, and it is taking everyone, including the Superior […]


    Superior Police Report

    February 5th, 2014
    by

    According to state law, police may arrest suspected offenders by two methods. The suspect may be physically taken into the […]


  • Facebook

  • [Advertisement.]
  • Arizona Headlines & Current Weather

  • Directory powered by Business Directory Plugin