Express Staff Writer
the shaky economy last winter and spring, Ketchum’s 2002-2003
preliminary fiscal budget projects $9.8 million, a $500,000 revenue
increase over the current year.
presenting the first budget of his administration, Mayor Ed Simon
outlined plans Monday to fund a multitude of transportation programs,
affordable housing projects and local visitor information and marketing
proposed a 1.5 percent cost-of-living-increase for city employees, and
added incentive-based employee bonuses.
personnel increase he proposed is for the addition of an operator at the
city’s wastewater department.
council scheduled a series of noon meetings it will use to consider the
preliminary budget, which must be finalized by September. The meetings
will be on July 8, 18, 23, 25 and August 7. The budget must be
preliminarily approved on Aug. 19, after which it can only be reduced.
revenues are slated to come primarily from city sales taxes, at $2.3
million, and property taxes, at $2.2 million. Both are projected revenue
police and fire operations are the largest general line items, according
to a budget summary.
transportation proposals include $8,000 for a downtown parking
will build onto a traffic and circulation study which is currently under
way and will address the issue of a paid parking program in downtown
Ketchum," Simon wrote in a letter to the city council.
budget also slates $30,000 to continue funding Ketchum’s share of the
Peak Bus for a year. It also anticipates $38,500 as Ketchum’s share to
continue Wood River Rideshare for the next fiscal year.
alternative transportation initiatives are essential to reduce the
number of single occupancy vehicles coming into Ketchum, which is the
direction we must go if we are to successfully reduce the amount of
traffic congestion in Ketchum."
preliminary budget also lays out $600,000 for acquiring land to be used
for parking, "with the possibility of construction of an affordable
housing project to be built over the parking."
$136,000 is budgeted to provide one half of the cost for four affordable
housing units to be built on the second floor of the KART building
expansion, which is scheduled to start this July. The city of Sun Valley
is expected to fund the other half.
proposed $200,000 to help finance a Ketchum and Blaine County School
District cooperative project that could achieve rental housing near
Ernest Hemingway Elementary School. Simon said the proposed project may
get caught in a federal tangle of laws, but the $200,000 is earmarked
for housing, and could be carried into the 2003-2004 fiscal budget if
not used this year.
previous years, Ketchum’s mill rate levy for property taxes will
continue to decrease.
new construction and revaluation have increased market values in Ketchum
by an average of 9 percent over the past three years, which exceeds the
growth in property tax revenue, Ketchum’s mill rate levy will continue
to decrease," Simon wrote.
an estimate of market values for all properties in Ketchum of $2.09
billion, Simon estimated that Ketchum’s mill rate levy will decrease
from the current rate of $1.30 per thousand to $1.10 per thousand.
do know that the Ketchum mill levy is one of the lowest in the
state," Simon said.
interview, Simon added that he has a few ideas about future city
budgets. By next spring he said he would like the city to work on three-
to five-year budget projections in addition to annual budgets.
alluded again to a potential 1 percent increase of the local option tax
on liquor, short-term beds and general sales. That potential increase,
which would need voter approval, could be on ballots this fall, he said.
think the public would support an increase in the option tax, since that
is supported mainly by tourism dollars," he said.