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Aug 02 2011

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Work underway on L.V. budget

By MARTHA McCLAIN
Special to the PRESS

With an anticipated drop in taxable property value, Laguna Vista officials have entered into their annual budget-making process that will determine the level of community improve­ments and services that will be scheduled here for the coming fiscal year.

Expected to be a “tight bud­get,” City Manager Rolando Vela said he would deliver the document to Town council­members who are expected to set a tax rate on August 9. That rate will figure prominently into the overall projection for revenues and expenditures that likely to fall within the $1.5 million range.

The current-year budget has listed expenditures at $1,204,331 and revenues at $1,348,475. In 2009-2010, ex­penditures totaled $1,186,040 and revenues at $1,295,610, according to statistics listed on the Town’s website.

To see this story in print, pick up a copy of the Aug. 1 edition of the Port Isabel South Padre Press or check out our E-edition by clicking here.

 

Permanent link to this article: https://www.portisabelsouthpadre.com/2011/08/02/work-underway-on-l-v-budget/

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