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Woodside council OKs budget with projected $1.9M deficit

 

The Town Council of Woodside voted 4-0 Tuesday night to adopt a budget for the coming 12 months and approve a budget for the 2016-17 fiscal year. The budget for the fiscal year starting July 1 includes spending of $12.2 million, anticipated revenues of $10.29 million and a projected $1.9 million deficit.

Council members Peter Mason, Ron Romines and Deborah Gordon were absent.

The new budget kicks off a five-year capital improvement program to repair and/or rehabilitate four bridges ($4 million) and the storm drain system ($1.5 million), and, as part of the Safe Routes to School program, the rebuilding of a path along the south side of Woodside Road between Woodside Elementary School and Roberts Market ($942,000).

Funding for a five-year capital program would draw from a mix of grants and local and county tax revenues, including about $5 million over five years from the town's general fund reserve, currently at $5.7 million, Town Manager Kevin Bryant said in his budget message. (The town anticipates the general fund reserve will amount to $3.2 million by 2020.)

The capital program also includes the ongoing renovation of the town library ($3 million), a new sewage pump station along Mountain Home Road ($665,000), bicycle and pedestrian path maintenance ($101,500), equestrian trail maintenance ($90,000), and normal road rehabilitation (about $1.8 million).

For more on this budget, Click here.

Click here for the budget itself.

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