By Matt Ward —
Split over whether or not to balance utility funds, a divided Fredericksburg City Council approved their 2013-2014 budget Monday night by a 3-2 vote.
Councilmen Tim Dooley and Gary Neffendorf opposed the budget as the city’s electric, solid waste and drainage funds are projected to operate at a deficit in the coming year.
While there was division on budget issues, the council unanimously approved the effective tax rate of $0.2600 per $100 valuation, a rate which is $0.0047 lower than the current rate of $0.2647.
Worried about low reserve balances in the city’s utility funds, Neffendorf moved to balance the budgets (deficits in parenthesis) on the electric ($70,200), water and sewer ($123,200), solid waste ($56,100) and drainage ($73,100) funds.
Mayor Jeryl Hoover asked why other funds, such as the golf fund, did not also need to have a balanced budget.