The Knox City Council this week adopted the resolution for the 2014 budget, having held the public hearing at the end of last month. Clerk-Treasurer Jeff Houston explained to the board that the city expects to see an increase in the overall budget of just under 3 percent; however, he said the city will likely have to make some cuts in order to capture the maximum amount of taxes the city has coming to it, but overall, the budget is in pretty good shape.
Houston said the budget came out to roughly $2,851,496, with the total levy amount coming to $1,663,000. He said the state will ultimately tell the city whether or not they have to make cuts, which he said will usually affect the General Fund, Park and Recreation Fund, or the Motor Vehicle Highway Fund. Fortunately, Houston explained that the General Fund should be a bit larger than the previous year, thanks to efforts to make city utilities more self-sustaining, which he said will cut down on the amount of money spent on utilities from the General Fund.
Councilman Greg Matt made a motion to pass the resolution, which was seconded by councilman Jeff Berg, and ultimately passed unanimously. The budget now goes to the Department of Local Government Finance for their review.