The Wood River City Council held a public hearing on the proposed 2012-13 fiscal year budget Monday night, and the few people that attended learned the city will be spending less money in the coming fiscal year. Last year, the city budgeted for $17.9-million in expenditures. The coming year will see that number drop to $15.8-million.
That's a 12% decrease over the previous year. It is a balanced budget, with a projected operating reserve of just over $1-million. That works out to about 2 months worth of expenses. Over the past couple of years, the city has been able to trim expenses by targeting education and training, services and capital expenses, and by switching its insurance provider. Earlier this year, the city let go of its Golf Course General Manager and Golf Pro, saving the city about $93,000 a year