Skip to main content
You have permission to edit this article.
Edit
Higher sales tax revenue anticipated

Higher sales tax revenue anticipated

  • 0
{{featured_button_text}}

EUREKA - The city of Eureka will operate with a $4 million budget in the coming year, projecting a slight increase in sales tax revenue and stable property taxes.

The budget includes almost $1 million in expenses for water line replacement projects, which will be paid for through a bond. Without the special projects, the budget sits at $3.1 million in projected expenses.

The city projects a slight increase in reserves, estimating $3.2 million in revenue.

The city's fiscal year will run from May 1 to April 30, 2007. Included as major purchase items in the budget are two police cars with equipment for $50,000 and a 1-ton truck with snow plowing capabilities for $60,000.

"It is a very tight budget," said City Administrator Anne Sandvik. "Everyone is going to have to work very hard to stay within their budgeted line items."

One difficulty in making the projections was the price of fuel.

"We had some problems with gas prices," said Sandvik. "We've budgeted more for gas; we just hope we've budgeted enough."

The budget estimates include a slightly upward trend in sales tax revenue, she said. In fiscal year 2003-2004, the city generated more than $650,000 in sales tax revenue. That dropped to $615,000 in fiscal year 2004-2005 and then climbed up to a projected $636,000 in the current year. The fiscal year '06-'07 budget projects $650,000.

The increases are based on new businesses located within the city, the new Eureka Plaza shopping center on South Main Street and optimism for the proposed Westside Business Park.

"Our sales tax revenue is still down slightly, but we have added businesses in the past year," said Sandvik. "We're hoping that we are going to see an increase in our sales tax."

0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News