City Council looking at tight budget
For the city of Marshall, it looks like budget cuts will be a requirement this year.
At Monday's meeting of the Marshall City Council, City Administrator Charlie Tryban said that work to develop a budget for the coming fiscal year is well under way. He said all department requests are in and revenues are being projected.
Tryban said the city's department heads had done a good job in controlling expenditures and had made reasonable requests. However, he said the city should be prepared for cuts to be made in capital projects if the budget is going to be balanced.
The council should also be prepared for an increase in insurance premiums, Tryban said. While the exact amount of the increase is not yet known, Tryban said he has been warned that it will be substantial. He said it is likely the policy will be bid out in an effort to keep the increase to a minimum.
Getting started now
The council also adopted a resolution calling for the sale of more than $3 million in bonds to pay for improvements at Indian Foothills Park.
Marshall voters approved a half-cent sales tax a year ago and that revenue has been coming in since January of this year. However, several of the projects being undertaken will require a large capital investment that has not yet been acquired. Foremost among these projects is the conversion of the municipal pool to a family aquatic center.
The bonds, which will generate approximately $3,865,000, will be repaid with revenue from the sales tax as it is received.
The council set a special meeting date of 5:15 p.m. Wednesday, Aug. 28 to pass an ordinance authorizing the sale of the bond.
Ward 2 Councilman Tim Reeder, chairman of the Municipal Services Committee, reported bids have been received for the construction of a parallel taxiway at the Marshall Municipal Airport.
The city received a grant from the Missouri Department of Transportation and the Federal Aviation Administration for the construction project and did the preparation work in-house to make its matching contribution, Reeder said.
The bids included the construction of the southern portion of the taxiway with the inclusion of work on the northern part as an alternate. Reeder said he was pleasantly surprised to receive a bid which would include both the main portion and alternate and still be under the amount of grant funds available.
Wayne Brown Enterprises, a local company, was the preferred bid of the project's architects and Reeder said he was also pleased that all of the subcontractors chosen by the company are Marshall-based as well.
Reeder said he would come back to the council with a final contract to be approved after a final review of the bids is conducted.