Without comment or conflict, the Sun Valley City Council approved a first reading of its tentative budget for fiscal 2020 during its regular meeting on Thursday, Aug. 1.
The council was scheduled to take up the ordinance two more times before it passes into effect: at 4 p.m. on Tuesday, Aug. 6, and 4 p.m. on Monday, Aug. 12, at City Hall. If ratified, it will kick in on Oct. 1.
The $16.5 million spending plan trims about $1 million off the current budget, which is buoyed by the chief payment toward a suite of road construction projects funded by a $17.5 million bond passed by city voters in November 2017.
After next year, the bond money will be close to spent. The fiscal 2020 plan includes spending $5,620,800 on the third year of the road and path construction program. The city is spending $7,918,500 on the projects this year, which are under construction throughout Sun Valley this summer. And, it used $1,848,832 on construction during the first year after approval, in fiscal 2018.
The city isn’t asking for any increase in property tax next year, which, at 36 percent of the pie, represents its single largest source of revenue. In Idaho, taxing districts can take up to 3 percent more each year; by not taking it, Sun Valley is forgoing nearly $700,000.
It expects to have enough money without it to pay for both the $6 million general fund, which covers most of city operations, and to transfer $1.2 million from the general fund to a capital improvement fund, which finances building repair and development.
Here’s a look at some other big-ticket items on Sun Valley’s radar for the upcoming fiscal year:
- $785,140 to buy a combination pumper/tanker for the Fire Department.
- $352,500 to support Mountain Rides Transportation Authority.
- $320,000 for marketing, through the Sun Valley Marketing Alliance.
- $200,000 for ventilation upgrades and a new roof at the city’s Street Department facility.
- $99,260 for the first phase of planned renovations to City Hall.