(KLZA)-- The Falls City Council members present for the Monday night meeting unanimously approved allowing an additional 1-percent growth for the 2017-18 Fiscal Year Budget.
City Administrator Gary Jorn explained he feels the additional growth is needed to better match revenues with expenditures. Jorn noted 2.5% growth is not much when expenditures are going up three-percent a year.
State statute allows municipalities to grow revenues by 2.5-percent annually and if 75-percent of the governing body approves, the limit can be increased an additional one-percent.
In addition, the Council approved the transfer of $320-thousand from the Capital Improvement Sinking Fund to the General Fund for the next budget.
Council members Kirby Robidoux and Jim Wisdom were absent.
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