The Wood River City Council went through a fairly routine meeting Monday night, with the most significant piece of business being the passing of the 2012-13 fiscal year budget. Last year, the city budgeted for $17.9-million in expenditures. The coming year will see that number drop to $15.8-million, which represents a 12% drop from last 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. Earlier this year, the city let go of its Golf Course General Manager and Golf Pro, saving the city about $93,000 a year. In other business, the board approved an ordinance authorizing the execution of an agreement with IDOT similar to the agreement Alton passed last week that will clear the way for LED signal lights to be installed at eight intersections. Those intersections will be along state controlled roads, such as Route 143.