During Wednesday night’s regular City Council meeting following a second public hearing, City Council unanimously adopted the City Manager’s recommended $161.6 million City of Grand Junction budget for 2018.
City staff has been meeting regularly for eight months planning for and developing the 2018 budget with over 30 employees playing a role. The process included four public City Council workshops and two City Council meetings. The budget is built on the foundation of the strategic plan, the ten-year capital plan, and a five-year financial forecast in addition to revenue projections based on economic indicators. Projections of annual revenues include a modest 1% projected growth in sales tax revenues. The spending budget reflects an emphasis on the strategic plan fundamentals of public safety, planning and infrastructure, diversification of the economic base, and communication, outreach and engagement built upon the foundation of partnership and intergovernmental relationships and fiscal responsibility.
- $161.6 million total budget – increase of $21.1 million or 15% over 2017 adopted budget
- $70.1 million General Fund budget – 2018 surplus of $577,187, and 19% increase in fund balance retained to $21.7 million
- 628 authorized full-time positions – over 50% of all positions are in public safety
- Adding 10 new public safety positions, 20 over two years
- Increasing capital spending by $14.6 million
- Increasing maintenance and reconstruction of existing street infrastructure by 70% to $6 million
- Adding a North Area ambulance station
- Incorporating facility improvements in to Two Rivers Convention Center
- Increasing economic development investment by 76% to over $5.4 million, funding over 50 agencies
- Partnering with the Downtown Development Authority and private industry in major economic development projects
Mayor Rick Taggart said, “As is always the case, a lot of pain-staking work went in to the preparation of the budget because it guides everything we do. The City Manager and his staff brought us a balanced budget that we were all able to support because it was based on so much discussion with City Council and really solid planning and research. We are fortunate that we are seeing revenues that are increasing and we remain hopeful that this trend will continue and our economy will continue to grow. This is a budget that really focuses on serving the citizens of Grand Junction.”
To review the budget documents and the detailed PowerPoint presentation made to City Council during the final budget hearing, visit the City’s website at www.gjcity.org and look for the link under “City Spotlight”.
Contact: Sam Rainguet, Communications Manager 970-244-1507 or firstname.lastname@example.org