PRESS RELEASE: FY2017 Budget
Date Posted: Tuesday, June 28th, 2016June 28, 2016
City of New Castle
FY2017 Budget Press Release
Yesterday City Council passed a balanced budget of $5,313,838 and grant budget of $1,183,200 with no tax increase. The budget includes about $500k of needed street repairs throughout the City, storm drainage enhancements and improved civic access for people with disabilities. The City also increased its working capital and reserve cash funds by about $200k or 15%. Due to efficiency improvements and staffing decreases through attrition, the City has maintained approximately the same employee expenses since FY2013 even with wage increases and rising health care costs. The City will continue to identify efficiencies while maintaining services to its citizens and businesses.
Street re-paving projects approved:
- East 12th Street from Moores Lane to Baldt Avenue
- East 9th Street from Delaware to Clayton Street
- Foundry Street from 3rd Street to 4th Street
- Karlstad Road (portion)
- Tremont Street near 7th Street
Other highlights include: Contributions to local nonprofits ($600 Arasapha, $1500 each to New Castle Historical Society, Library, Senior Center and Beautification Committee), $15k for an architectural and engineering survey of Banks Building to determine next steps, small economic development fund ($5k to advertise in the Greater Wilmington visitors guide, wayfinding signage and City website improvements.
