Sparks City Council Approves 2013-14 General Fund Budget - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Sparks City Council Approves 2013-14 General Fund Budget

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From the City of Sparks:

The Sparks City Council approved its fiscal year (FY) 2013-14 budget at Tuesday's special meeting.

The Sparks General Fund budget consists of $55.1 million in total spending for FY 2013-14, an increase of 3.2 percent from FY 2012-2013 current expectations, and requires no staff layoffs or service reductions at this time.  Presently, the City's workforce consists of 441 full time employees, a decrease of 30 percent from the peak of 2007.

The approved budget marks the first time in seven years that total revenues are expected to increase, a slight 1.5 percent from the current FY expectations.  There are no tax increases for Sparks residents.

Compared to the current FY 2012-2013, Property taxes are expected to remain flat in FY 2013-14, and City license & permit revenues are expected to increase by 3.3 percent.  Consolidated Taxes (primarily sales taxes) are expected to increase 2.5 percent in FY 2013-14.

"Our local economic conditions are stabilizing from the Great Recession, and this coming fiscal year marks the first time we expect to see an increase of revenues for the City's General Fund Budget in seven years," said Sparks City Manger Shaun Carey.  "However, expenses are also expected to increase.  The City team continues to work toward ways to become innovative and decrease costs while providing the public services our residents deserve."

From the City of Sparks

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