Sat. 11:35 p.m.: Warren’s general fund revenues continue decline through 2016
COMING SUNDAY: Warren’s general fund revenue is projected to be at least $1.2 million less in 2016 than is projected for the end of this year.
It’s the continuing of a trend. The city’s general fund revenues have declined every year over the last four year, according to City Auditor David Griffing.
Griffing told City Council members last week he is projecting the city’s 2016 general fund budget will be $23.74 million compared to this year’s projected general fund budget of $24.95 million.
In 2014, the last year when a complete budget year was recorded, the city had general fund revenues of $25.31 million. Revenues earned during that year were $1.47 million less than were earned in 2013, when there were general fund earnings of $26.78 million.
Money going into the general fund is garnered, in large part, though city income tax revenues.
General fund revenues pay for the employees in police, fire, park, street, health, building and law departments, as well as City Hall and other city offices. The work and employees in other city departments, such as water, waste water and sanitation are paid for through fees pay for by its users.
Read the full story in the Sunday Tribune Chronicle.