The Riverside City Council approved a $9.16 million budget for Fiscal Year 2023 at its regularly scheduled meeting Monday.
The budget includes $6 million in expenditures and $3.3 million in funds …
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The Riverside City Council approved a $9.16 million budget for Fiscal Year 2023 at its regularly scheduled meeting Monday.
The budget includes $6 million in expenditures and $3.3 million in funds to be used in capital projects. Work is expected to begin soon on the Railroad Park project and on the Third Street water main project, which will run about $3 million by itself.
A public hearing was held Monday night, but no public comment was heard.
The council passed the budget by a 5-0 vote.
“That’s always kind of a tedious process to go through that, especially when we’re trying to plan, at that point it’s almost 18 months out that we’re trying to anticipate expenses,” Mayor Allen Schneider told The News. “I think we’ve already identified some areas that may change, but we’re happy to get that process done.”
The procedure began months ago for a budget that takes effect July 1.
The amount of money for capital projects more than tripled from FY 2022 although the Railroad Park project will benefit from a Washington County Riverboat Foundation grant.
The budget also includes more than $900,000 for public safety and $236,277 for public works. Revenues are projected to be $7 million, including over $900,000 from property taxes via a 8.10 tax levy [$8.10 per each $1,000 of assessed value].
“We’re fortunate for a city our size that we don’t have the budget constraints that some other cities do,” Schneider said. “We’re in a good position financially and we just want to make sure that we keep it that way.”
The Railroad Park improvements will include a Star Trek-themed playground area and the addition of parking spaces around the park. The City Council approved red and green as the dominant colors for the playground surface, placed around a Star Trek logo.
“It’ll give them some visual stimulation,” said Council Person Tom Sexton.
Bill Stukey, an operator for PeopleService, which operates the city’s water treatment facilities, announced to the board that he was leaving his post for another position. The exact date is not yet known.
“The city’s been phenomenal to work with,” Stukey told the council.
Also resigning is Jay Stuelke, the city’s building inspector.
The next regularly scheduled meeting of the City Council will be April 4 at 6 p.m. at City Hall.
