Balancing the budget
PRINCETON — The Princeton City Council is looking at a 2013-14 fiscal year budget which is balanced in all funds except the water and garbage funds.
At Monday’s meeting, the city council adopted an ordinance for the first reading of the tentative budget, placing the budget on file at city hall for review by the public. The budget will also be available for review on the city’s website.
On Tuesday, City Manager Jeff Clawson said the budget will take $63,000 from the garbage fund reserves to balance the garbage fund and $59,000 from the water fund reserves to balance that fund. Clawson said he does not anticipate either of those funds will require the use of reserves in future years.
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