City budget proposed
Despite the elimination of pay raises and an increase in sewer and water rates, the City of Ruston’s expenditures are budgeted to exceed revenues for the coming fiscal year.
On Monday, the City Council convened as the Personnel Finance Committee to discuss the proposed budget for the fiscal year that begins Oct. 1.
Total revenues are estimated to be approximately $67.3 million, and the total operating budget is $63.5 million. However, Assistant City Administrator Ed Pittman points out that when capital expenditures of $10.9 million are added in, the expenditures come to approximately $74 million. However, the city does have a reserve of $59.3 million, of which they are tapping into.