Aug 13 2012

City Officials to Hash Out a Budget on Wednesday

The Mexico City Council is gearing up for a “marathon” work session later this week. The budget process begins on Wednesday. City Manager Bruce Slagle says it’s all about finding priorities.

“And quite honestly, choices between what we will do and what we won’t do. And as we do all that, we try to balance what services and programs people are wanting and needing to what money we have. You know, developing the best budget we can to do what we need to do,” he said.

One of those priorities is wastewater improvements, a major project that involves a major amount of money. Slagle says as the City moves into phase three, officials are reconsidering issuing bonds and borrowing money.

“We’ve come back around, at least on the staff side, what we’ll be recommending on Wednesday,” Slagle explains, “is that we use the remaining bond proceeds we have on-hand, plus cash on-hand, and convert it to what we call a ‘pay as you go’ process.”

He says many of the improvements will not be in the public’s view. Some of them will be, literally, underground.

The work session is scheduled for 5:00 p.m. Wednesday at City Hall.