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With only two weeks left, there's still one main job for
the Bell administration, and that's making sure the city finishes the year in
Toledo City Council on Thursday received its final
monthly financial update from the Bell administration, and what they were told
is for the third straight year, the city's on track to finish the year with a
positive fund balance.
"Revenues are on target with our original projections. The
city will end the year with what we believe to be about a million dollar
surplus," said Deputy Mayor Steve Herwat.
The latest finance department report shows through
November of 2013, tax collections totaled $131.1 million, a 0.49 percent
increase from 2012.
Herwat says much of the projected surplus can be chalked
up to holding the line on police and fire expenses.
"Overtime exceeded what we originally budgeted, but other
savings within the departments of both police and fire will bring their bottom
line to the original budget," he said.
Herwat says keeping the city on budget three years in a
row is something city leaders can be proud of.
"Walking in the door 2010, hard decisions had to be made,"
he said. "Mayor Bell made those decisions, in concert with city council who had
to approve a budget based on those decisions."