City Ends Fiscal Year with $2.5 Million Surplus

Updated 30 weeks ago by Tony Rutherford HuntingtonNews.Net Reporter
Mayor Williams honors two home schooled students, Summer and Chris Coyle
Mayor Williams honors two home schooled students, Summer and Chris Coyle

Following the "dismal" days two years ago of pension shortfalls, Mayor Steve Williams happily announced that the City of Huntington ended its 2012-2013 fiscal year with a $2.5 million dollar surplus.

Cautioning council not to be "giddy" about the carry over, he reminded the body that "we have a wage re-opener" clause in the collective bargaining agreements. Negotiations for possible pay raises could be reopened in January.

As for the 2013-2014 fiscal year, "We are right on pace in terms of revenue" (collection), Wiliams said, explaining that B & O is a "little behind" and that the sales tax is "ahead" of projections.

Comments powered by Disqus