Town predicts $4.2M budget gap - The Explorer: Pima Pinal

Town predicts $4.2M budget gap

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Posted: Wednesday, January 28, 2009 12:00 am | Updated: 1:30 pm, Mon Apr 18, 2011.

Oro Valley faces a projected $4.2-million budget deficit for fiscal 2010, according to a recent report.

Town officials blame the projected shortfall on a decline in the local building industry, reduced retail activity, a drop in state contributions and a generally sour national economy.

Some options for reducing the projected deficit included in the meeting packet include: elimination of out-of-state travel for town employees; end community funding program; reduce program and service levels at town library and parks and recreation programs; renewal and increases of utility tax; impose rental tax; and increase sales taxes.

The town council plans to discuss the budget issue as well as a mid-year budget review for the current fiscal year at a study session to be held Wednesday, Jan. 28.

Town finance officials have projected a $2.1-million budget shortfall for the current fiscal year, which ends June 30.

They cite similar reasons for the current budget deficit.

Oro valley confronts budget woes

WHAT: Oro Valley Town Council study session

WHERE: Wednesday, Jan. 28, 5:30 p.m.

WHERE: Town Hall, 11000 N. La Cañada Drive

DETAILS: At the session, council members will discuss ways to close a projected $4.2-million fiscal 2010 budget deficit

CAUSES: $1.2 million utility tax (scheduled to expire in April); $1 million reduction in highway user funds; $700,000 less in state shared revenue; $180,000 reduction from building permits fees

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