CAMP VERDE - The Camp Verde Town Council is expected to approve the Town's 2013-2014 tentative budget at Wednesday's special session. According to Russ Martin, Camp Verde town manager, the Town will have a balanced budget for the upcoming fiscal year.
"The 1 percent the Town added will help balance the budget," Martin said of the Council's approval last year of a 1 percent increase to the Town's transaction privilege tax. "This helps us move forward on projects [for the Capital Improvements Plan]."
A year ago, the council voted 6-to-1 to approve the tax increase from 2 percent to 3 percent, according to Steve Ayers, Economic Development Director for Camp Verde.
"The concept that the council has is that we will complete [CIP] projects such as the pool and the community park," Martin said. "As the year goes by, Council can review revenue to see if these projects can be completed."
With the Town's sights set on a balanced budget for 2013-2014, Martin calls that "a healthy thing."
"I'm not sure what the budget would look like without the 1 percent," Martin said. "But it is good to see the Council will be conservative with revenue. If revenues are coming in, we'll get projects done."
Martin was careful to not suggest the Town requires additional sales tax to pay its debt, saying that the Town is not going beyond its means or beyond a reasonable expectation of revenue. But, Martin said, "It is hard to bring in revenue based on sales tax."
"We have to be making sure we have the revenue to handle the larger expenses," he said.
According to Martin, this year's budget includes a $200,000 contingency fund to be used toward projects that exceed initial costs. Use of the contingency fund must meet Council approval, Martin said.
The 2013-2014 budget allows for the purchase of nine 2013 Chevy Tahoe vehicles for the Camp Verde Marshal's Office. According to Martin, the vehicles will be available for the CVMO before the end of the month, perhaps even later this week.
"The ability to get those things done is something most people should be proud of," Martin said. "We can spend less time working on old vehicles by putting the maintenance cost of the old vehicles toward the cost of buying new ones."
Today's regular session will be held at 6:30 p.m. in council chambers, 473 S Main St. #106.