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Groveport saves up funds for a few projects
(by Rick Palsgrove, Southeast Editor - August 17, 2010)
Even with the rough economy and lagging income tax revenues, the village of Groveport expects to have about $571,263 available to use for a few projects before the year ends.
"It's good that we have about a half a million dollars to use. Our staff has done a good job of cutting costs in these tough times," said Village Administrator Steve Morris at Groveport Village Council's Aug. 16 committee of the whole meeting.
Finance Director Ken Salak reported the village's 2010 estimated total revenue will be around $9.33 million with total expenses estimated at about $8.76 million.
Council authorized the village administrative staff to look into funding the following items this year:
•an estimated $90,000 for an engineering study for the proposed reconstruction of Lesleh Street;
•an estimated $35,000 for painting the outdoor Aquatics Center swimming pool;
•an estimated $30,000 to replace six windows on the west side of Groveport Town Hall;
•an estimated $21,000 for a new police cruiser; and
•appropriated merit raises for eligible village employees.
The approximately $900,000 Lesleh Street reconstruction project is scheduled to begin in the spring of 2011. Salak said no grant money is available for the project because the street is not a main thoroughfare. He said the village will consider financing the project over a five year period.
Income tax revenues up in July
The village's income tax revenues for July 2010 were $637,106, which is up $41,719, an increase of about 7 percent, from July 2009. Total income tax revenues so far in 2010 are $5.7 million, a decrease of 3.39 percent compared to this time in 2009.
Comparatively, income tax revenues for this same time the last four years were: 2009: $5.9 million; 2008: $7.3 million; 2007: $6.3 million; and 2006: $5.6 million.
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