In a fiscal sense, things are looking up for Stanton.
There might even be around $300,000 in budget surplus at the end of the fiscal year.
Irwin Bornstein, Stanton’s interim director of administrative services, presented the mid year budget review at Tuesday’s city council meeting and said that although the city is not out of the woods yet, that it is looking better than last year at the same time.
“Your general fund balance is expected to grow over the course of the year,” said Bornstein.
Although there is still a structural deficit, said Bornstein, the refund of state government taxes to cities during 2013 will help the overall situation.
There will be $462,000 from residual tax increments and $2 million paid back from the state.
Bornstein’s findings showed that the city is still managing expenditure costs in 2013 on the same revenue budget as was had in 2004 and 2005.
Bornstein said that the best solution for the city would be to find new ways to increase the general fund and build revenue, seeing as how the largest revenue gain in the city comes from the property tax.
However, sales tax has been showing improvement with $3.62 million to the city in 2012-2013.
He also said that specific budget monies for the various city functions have individual funds be created.
This would detail each account for each sector of the city and the general fund could be more detailed when it is divided for each purose, he said.