Thursday, February 21, 2013
Solon is re-allocating some property tax money to deal with increasing salary and benefit costs and losses in state funding.
While the city of Solon is dealing with reductions in state funding, the city will not need any tax increases in 2013, said Finance Director Dennis Kennedy during a budget workshop Tuesday. The general government fund is projected to bring in $34.6 million in revenue in 2013, with expenses projected at about $34.4 million. The general fund is the all-purpose account that allocates money to most city departments and is replenished largely by income tax revenue, the city's largest revenue source. Income tax revenue is projected at about $39.8 million in 2013, with about $29 million being allocated to the general fund. Kennedy said that Solon will direct more of its property tax revenue to the general fund to offset the loss in state funding…
Wednesday, February 20, 2013
Solon's financial officials are busy closing funds and simplifying the city budget.
Finance Committee Chairman Bill Mooney is entering his third year dealing with the city budget. It's getting easier to understand, he said, but not easy enough. And Mooney has a financial background. "I believe Solon finances are still too complicated," Mooney said Tuesday during the first of the year's budget hearings. Efforts are already underway in reducing the complexity of Solon's budget, and those efforts are expected to continue this year. Mooney said that Finance Director Dennis Kennedy is already working to make the budget more easy to understand by closing various funds and merging them with the general fund, which is the all-purpose account that Solon uses to run its department and general city business. For example, the city …
Tuesday, February 19, 2013
The first of three scheduled budget hearings, in which departments explain their funding requests and plans, is set for 5 p.m. Tuesday at City Hall.
The budget process for Solon City Council begins tonight as city departments talk to the council members about their funding needs and other requests. The hearing is set to begin at 5 p.m. tonight at City Hall with members of the City Council Finance Committee. Two more budget hearings will follow in the next week or so. Scheduled for tonight is a recap of 2012, an overview of the 2013 financial picture and detailed discussions with the leaders of various departments. The next budget hearing is slated for Wednesday, Feb. 20. The budget hearing will follow the regular finance committee meeting, which is scheduled to begin at 5 p.m.
Tuesday, January 8, 2013
Solon officials are finalizing the list of road repair, sewer system work and other infrastructure projects for 2013.
The Solon Public Works Committee has been discussing the preliminary infrastructure budget for 2013. The budget lists projects in order of priority. A total of about $10.5 million worth of projects could be on tap for 2013. This document, once its finished at the public works committee, will be discussed during budget talks next month. Click the PDF attached to this article to see the list of projects.