The Knox City Council will hold a public hearing during their regularly scheduled meeting on Tuesday, Aug. 27 to discuss the 2014 budget, and according to Clerk-Treasurer Jeff Houston, 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 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.
Houston estimated the budget at roughly $2,851,496, which may come out to a bit more because of the General Fund savings.
The hearing will take place during the regular meeting beginning at 7 p.m. at Knox City Hall.
