Homer Mayor, Doug Cheek presented the proposed 2012-2013 budget to the city council its regular work session last Tuesday.
The proposed budget for the 2013 fiscal year, which begins July 1, 2012 and ends June 31, 2013, contains a total projected cost to operate the city at $388,600. This figure is balanced with a total projected revenue for the city in 2013. The budget shows a slight, one percent increase of $4,000 from the 2011-2012 budget.
The city’s expenses effectively mirror those of last year’s budget with the exception of an increase in the fire department’s operating cost. The fire department’s budget is increased from $33,250 to $40,050 due to the need for new communications equipment and vehicle expenses.
The city’s estimated income from sales tax and permits shows a slight increase from last year’s budget due to underestimation.
“Everything looks good,” said Cheek. “We are just, like every other small town, just trying to keep business going.”
The proposed water budget for Homer contains a total projected cost of $156,000, balanced with a total projected revenue. The budget shows an increase of $16,000 from last year’s budget. Revenue from water sales is up this year and was slightly underestimated in the 2011-2012 budget.
The council will hold a public hearing for the budget at the next regular city council meeting on Tuesday, July 10. Homer residents will be permitted to chime in and offer their opinions and suggestions regarding the 2012-2013 budget.