Fiscal Year 2018 Budget Workshop
The Paducah Board of Commissioners along with City Manager Jeff Pederson and department directors met for a nearly four hour budget workshop to discuss the Fiscal Year 2018 Budget. The fiscal year begins July 1. The first reading of the budget ordinance is set for June 13 with the vote on June 27.
For the upcoming fiscal year, expenditures from the general fund, the City’s main operating fund, are projected to be $34.4 million. The City is expecting to see an increase in general fund revenue of approximately $918,000 or 2.7 percent. The increase comes from a variety of sources including the property tax and business license tax with the payroll tax forecast to be nearly half of the increase.
Projects that will be funded for this upcoming fiscal year include the first phase of the City Hall renovation project and the first phase of the E911 equipment project.
Each department director then provided quick highlights of projects or any program changes in their respective budgets. Discussions were held on a variety of topics including community engagement, the National Citizen Survey, recycling, the Enterprise Resource Planning software project (called Munis), the process for a downtown tax increment financing district, city-owned facilities, the operation of the transient dock, and the replacement schedule for city vehicles and equipment.
A lengthy discussion was held involving projects which could possibly be funded from the Investment Fund which has approximately $364,000 that can be allocated for small projects for FY2018. Earlier this year in January, the Paducah Board of Commissioners and Department Directors went through a process to select criteria for prioritizing projects so that a list of projects could be objectively ranked. The Department Directors then met in February and used the selected criteria to rank 20 projects. At this time, the funds may be set aside for infrastructure improvements (streets, sidewalks, curbs, and gutters) for the Fountain Avenue Neighborhood in case the City does not receive a grant. The City is waiting to hear on the status of a grant application which would help fund those improvements.
- Martin Bendick reappointed to the Civil Service Commission
- Resolution approved for a declaration of official intent to reimburse temporary advances made for capital expenditures. This resolution is in support of any financial advances for the E911 equipment upgrade project made prior to the issuance of a bond which is expected to be issued later this year.
- Municipal order approved to submit a grant request in the amount of $200,000 to the Delta Regional Authority for funding for the E911 equipment upgrade project. There is no local match for this grant.
- Municipal order approved accepting the bid of Finely Fire Equipment for the purchase of self-contained breathing apparatus (SCBAs) for the Paducah Fie Department.
- Municipal order approved authorizing the $29,613.10 payment to Clean Earth, Inc. for the collection and disposal of household hazardous and electronic waste collected during the April Spring Clean Up Day event. A Household Hazardous Waste Grant through the Kentucky Division of Waste Management helps pay for this free event for City and County residents.
- Municipal order approved to move $519,000 from the Municipal Aid Program (MAP) fund reserve to the street resurfacing/rehabilitation account to pay for unexpected street projects during this fiscal year. Those projects include the restoration of the Police Department parking lot, the renovation of North 6th and Campbell Streets adjacent to the pavilion, the repair of Executive Boulevard and street areas near the new Holiday Inn Paducah Riverfront, and the rehabilitation of McBride Lane adjacent to the new Academy Sports + Outdoors.
- Municipal order approved authorizing the payment to Paducah Economic Development for economic incentives in the amount of $125,000 for Whitehall Industries which is located in Industrial Park West. These are Kentucky Cabinet for Economic Development funds previously allocated to a 2008 project involving a different company that never came to fruition in Paducah. The City is serving as a pass-through agency for the funds. Whitehall, an aluminum extrusion manufacturing plant, creates products for numerous automotive makers in addition to other industries. The company has committed to the creation of 150 jobs. This payment will be the fourth and final payment of $125,000 to the Whitehall project using the State’s Economic Development Funds.