The Wood River City Council formally received a budget in the neighborhood of $15.3-million for the upcoming fiscal year. The new budget is about 3% smaller than the one from last year, as city officials are trying to hold the line on spending. The next step will be to hold a public hearing on the budget, which has been set for Monday, March 18 at 7pm in Council Chambers.
A big reason for the decrease is the TIF running out, according to City Finance Director Nancy Schneider (pictured), who says keeping expenses in check has worked so far.
She says working on an all part-time staff at the Belk Park has helped cut costs tremendously. The public's input will be taken into account before the final budget is approved, hence the hearing in two weeks.