TRUSTED NEWS LEADER FOR COTTONWOOD, CAMP VERDE & THE VERDE VALLEY
Tue, April 07

Cottonwood budget hearing and 260 planning set Tuesday

COTTONWOOD -- The public may comment on the proposed Cottonwood city budget during a public hearing Tuesday evening in council chambers.

The Cottonwood City Council will consider approval of the 2014 fiscal year tentative budget during a special meeting that allows for a formal public hearing.

The tentative budget for the year rounds out at $70.8 million, a figure that is $16.6 million greater than the 2013 fiscal year budget.

Much of the increase is attributed rollovers from the current fiscal year due to construction in-progress, but not completed during the budget year.

The new budget also includes funding for the city's merit program. Merit increases, cost of living allowances and longevity compensation are considered in the budget. The budget will also continue the current funding structure for employee health insurance coverage.

Changes still may be made to the budget between the tentative and final budgets, as long as the final budget does not exceed the expenditure limitation to be established Tuesday.

During the work session that will immediately follow the tentative budget approval, the council will look at a tentative access management plan for SR 260 from Thousand Trails to Interstate 17 and will discuss future intersections in highway construction. The plan could ultimately allow construction of seven intersections, but only as warranted.

The state highway board recently included $66 million in its state 5-year transportation plan.

Tuesday's meeting will begin at 6 p.m. in the council chambers located at 826 N. Main St.

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