Friday, January 13, 2017
U.S. Senator Tim Kaine
WASHINGTON, D.C. – U.S. Senator Tim Kaine, a member of the Senate Armed Services and Foreign Relations Committees, released the following statement on the nominations of General James Mattis to be Secretary of Defense and Rex Tillerson to be Secretary of State after participating in their confirmation hearings this week:
“I will support the nomination of General James Mattis to be Secretary of Defense. In his testimony before the Senate Armed Services Committee yesterday, he demonstrated a clear-eyed view of our current national security environment and a deep appreciation for the challenges facing U.S. servicemembers and their families. I believe he is well-prepar
Wednesday, September 9, 2009
A 0.5% increase in revenues for a 2009 recession year is something to crow about says Roanoke City’s Director of Finance, Ann Shawver. It wasn’t quite revenue but cost-savings and stingy expenditures that saved Roanoke City’s budget.
Shawver went over the ups and downs of the rocky 2009 fiscal year. Revenue collection came in under expectations at 98.7% of projections. It usually comes in ahead of projections said Shawver.
The real town-draft was a 28.6% reduction in permits, fees and licenses. Second to that was a reduction of 12.4% in investment and rental income. A few items came in slightly above projections like charges for services and general property tax.
The Budget Stabilization Reserve that Council member Court Rosen wanted to tap for schools is at $19.2 million or 7.45% of the General Fund budget. Rosen asked if it were time to increase the target of 8% to something more like 15%. Shawver agreed saying that as long as rating agencies see progress and growth in the fund the city’s AA bond rating should be safe. The “rainy day fund” has steadily increased from $15.6 million in 2005.
The undesignated fund balance leaped to a healthy $2.3 million entirely due to unspent expenditures.
The Enterprise Funds fell as expected. The Civic Center facility subsidy grew due to increased utility expense, transition to Spectrum, and economic conditions. The Market building lost lease space resulting in an increase in subsidy.
The parking garage comes in neutral – the best case scenario. Shawver expect more Enterprise funds to be added – an amphitheater fund, a golf course fund, and other projects.
The entire presentation will be available on the city’s website at roanokeva.gov.
Posted By Valerie Garner
Categories: Finance, Roanoke City Politics
Tags: budget, city_council, city_debt