The Wood River City Council is proposing a budget of $21.7-million for the upcoming fiscal year. The new budget is about 56% bigger than the one from last year, but city officials say there is a good reason why that number shouldn’t be cause for alarm.
A big reason is due to the new police station according to City Manager Jim Schneider, who says BP is covering most of the increase:
Click here for Schneider's comments
That works out to 2 ½ months of operating expenses. Last year’s expenses came in just shy of $14-million. Mayor Fred Ufert says the future is uncertain, with the governor’s plan to cut income tax payments and the possibilities of other bills that would affect cities’ ability to raise the funds they need to operate.