News - State
Alexandria City Council issues balanced budget
Posted: Jan 25, 2012 8:45 AM by AP
ALEXANDRIA, La. (AP) - The Alexandria City Council has balanced its budgets.
On Tuesday, council took money left over from the previous fiscal year as well as increased sales tax revenues and putting them toward overtime for employees, contract labor and aging infrastructure.
Thanks to an increase of nearly 4 percent in sales tax collections, as well as use of an unbudgeted fund balance from fiscal 2010-11, The Town Talk reports city officials placed more than $3 million into the General Fund budget.
Mayor Jacques Roy says that because of austerity measures put in place by his administration, he doesn't believe the city will need to use any of its surplus funds.
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