TRUCKEE, Calif. — After multiple years of declining revenue, the town of Truckee’s 2013-14 operating budget is projecting positive growth.
Council members on Tuesday unanimously approved the town’s annual operating and capital budget, which proposes $19.3 million in revenue and $17.1 million in operating expenses, with a projected net income of $1.43 million after debt service.
“It’s a good thing,” Chrissy Earnhardt, the town’s administrative services manager, told the council.
Two of the town’s three largest revenue sources, property tax and sales tax, were up from last year’s estimated actuals — 2 percent and 7.2 percent, respectively.
The town’s other largest revenue source, transient occupancy tax, was down 7.7 percent from last year’s estimated actual, due to projections that 2012-13 would be a record year for TOT collection. Overall, revenues for this year from last year’s estimated actuals are up 0.7 percent.
While the current revenue stream allows for the addition of a few strategic positions, staff is seeking organizational changes to save money, according to the town, such as shifting animal services from community development to the police department.
Frozen positions of a police officer, engineering technician and assistant planner are proposed to be added back for 2013-14, according to the town.
Further, Town Manager Tony Lashbrook’s employment contract, which expired on May 20, was renewed for another four years with a base annual salary of $163,920.
Significant expenditures include $5.3 million for the police department, $2.87 million for snow removal and $1.89 million for summer road maintenance.
The 2013-14 budget also marks a multi-year period of significant capital project construction, with a focus on bike, trail and roads projects to start with, including the next phase of the Truckee River Legacy Trail, the Brockway Trail and the Glenshire Drive reconstruction.
Over the next five years, 56 capital projects are budgeted at a cost of a little more than $70 million, Earnhardt said.
Town staff also projects revenues will grow at a modest rate over the next five years.
“While nothing like the pre-recession double digit annual revenue growth, this positive revenue steam allows is to move strategically to address our future,” staff said.