 |
The state of our city remains strong. Like many cities our size, we continue to combat the rising cost of providing quality services to our local residents and businesses.
We are blessed to have a dedicated leadership squad, supportive elected officials, and a team of associates committed to serve our community.
The City of Bellefontaine continues to balance its revenues and expenses in an effort to keep our financial position stable. Our 2016 year end General Fund revenues were $8,665,294 and the expenditures were $8,641,058. All funds, which includes the General Fund, had revenues of $23,660,102 with expenditures of $22,867,799. Treasurer Mark Fissel reports that our investments, while safe and secure, are earning an average of 1.5 percent as a rate of return.
The city’s five-year Strategic Plan was completed in December. It was a collaborative effort bringing together ideas and input from both internal and external sources. We collected information from elected officials, city department heads, community leaders and hundreds of local residents.
Its primary focus is on planned land use, housing, utilities, transportation and the general “character” of our community.
This past November, the opportunity for aggregate gas and electric competitive rates was on the local ballot. The issue passed. While natural gas rates remain at an historic low, citizens and small business owners will look to 2017 for lower electric rates through this process.
Read complete STATE OF THE CITY in Wednesday’s Examiner.
CLICK HERE to subscribe today!
WEB EDITION STARTING AT $9.50 FOR 5 WEEKS!