At its Tuesday meeting, the Danville Town Council approved its operating budget and capital improvement plan for the 2012-13 fiscal year, despite a drop in revenue.
The $34 million spending plan calls for $26.1 million budgeted for town expenses, $2 million for the town as successor agency to the former Danville Community Redevelopment Agency and $5.9 million in capital expenditures. The approved budget is down from this fiscal year's expenditures of $35.2 million.
Town Manager Joe Calabrigo said that, while Danville was affected by the state's elimination of redevelopment agencies, the town was able to approve a balanced budget due to careful financial planning.
"The goal of the budget process is to keep the town's highest priorities in focus," Calabrigo explained. "That way we can provide services that are most important to the largest possible segment of our community, while staying within our means."
With a 12.6 percent reduction in overall expenditures, the new budget will continue to place emphasis on police and maintenance -- 30.9 percent and 22.5 percent of all expenditures, respectively. Costs have been cut across all Danville departments, including a 0.5 percent decrease in police services and the elimination of one full-time patrol officer.
Danville's 30 sworn officers have accepted a pay cut for the year, though benefit costs will continue to increase, Calabrigo told reporters. Additionally, two community service officer positions, as well as the assistant town manager and a position in the building department will remain vacant. For the third time in four years, there will be no salary increases for town staff.
Property tax revenues, at $10.6 million, have decreased 1.3 percent from the previous fiscal year and have declined by 6.7 percent from its peak in 2008-09. Sales tax revenues are projected to total $3.6 million (a 2.8 percent increase from last year) and are continuing to rebound after declines beginning in 2008.
Town officials also approved a list of capital improvement projects (CIP), a revolving five-year program that guides current and future projects. CIPs generally include the acquisition of land, construction of new facilities or parks and major equipment purchases. This year's CIP highlighted synthetic turf replacement at Sycamore Valley Park, with completion expected in spring 2013, and a downtown street light conversion program which will replace 43 high-pressure sodium street lights with LEDs.
Nearly one-third of the funding for this year's $5.3 million CIPs come from general purpose revenue ($20.55 million this year), while an additional 20 percent comes from the park facilities fund. The town has 12 CIP programs listed for competition during the 2012-13 fiscal year.
Calabrigo said the town will continue to operate with sound financial planning, with ten year projections showing that Danville is following a course that is fiscally sustainable.
"The adopted budget and CIP continue to reflect the careful financial planning that has been the town's hallmark. Department and program goals are identified to ensure that services address the highest priorities established by the Town Council, including providing: high levels of public safety, positive community appearance, development standards that retain our special history and character, a broad range of recreational and enrichment opportunities, economic vitality and growth, a proactive regional presence and community celebrations and special events," Calabrigo wrote. "Service levels to be provided in 2012/13 are largely consistent with those provided in 2011/12."