Opp’s $8.5M budget to include more renovations
Published 12:01 am Thursday, October 7, 2010
The City of Opp introduced its $8.5 million 2010-2011 budget Monday night
The city’s budgeted revenues are slightly lower than the projected $8.8 million in last year’s approved budget.
Actual revenues were less than anticipated with a $17,000-decrease in the property taxes of both real and auto; a $28,800 difference in beer, cigarette and gasoline taxes; and $25,600 less in fines, forfeitures and court costs, among others.
Highlights of the proposed 2010-2011 budget include:
• $1.9 million in salaries for all city employees, mayor and council.
• $2.075 million in projected revenues from the 3 cent sales tax. City Clerk Connie Smith said 1-cent from the sales tax goes to Opp City Schools and the other 2 percent goes into the general fund.
• $480,000 from the proceeds from 2007 bond issue
• $450,000 in industrial access road funding
• $750,000 in proceeds from a 2009 industrial board bond issue
• 300,000 in revenue from the Rattlesnake Rodeo, with $150,000 in expenses expected to go along with the rodeo.
Total expenses budgeted are $7.78 million. Big purchase projects include $100,000 to for the Custom Collar expansion building, which will be paid for using proceeds from the 2009 Industrial Board Bond Issue; $516,900 for the sidewalk projects on Main Street and East Covington Avenue, which will be paid using funding from the state department of transportation; and $100,000 for roofing of the Depot building, which will be paid for using the 2007 bond issue money.
And, $150,000 is also budgeted for the Rattlesnake Rodeo.
The council voted to table the budget until next meeting.
“We need to table it to give the council time to review,” Mayor H.D. Edgar said.