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Snoqualmie OKs 2003 budget
SNOQUALMIE - Despite a rocky season full of economic uncertainty for government bodies, the city of Snoqualmie passed its 2003 budget at its Monday, Dec. 9, City Council meeting with few major cuts.
Snoqualmie, which is required by law to present a balanced budget to the state, approved a $20.2 million budget for next year - about $3 million more than this year's projected ending budget of $18.1 million.
The general fund for the city, which goes toward the routine expenses of finance, administration, public safety, parks and the mayor and City Council, will be $9 million for next year. The figure is disproportionately high since it includes the $3.6 million the city is spending on a new fire station and $500,000 it will spend on a new fire engine. Without those items, the general fund is $4.9 million, which is just $100,000 more than this year's projected ending balance of $4.8 million.
A $500,000 interfund loan budget amendment and resolution were also passed to help balance the 2002 budget. The amendment and resolution allowed extra revenues from some departments to be used by other departments that are expected to run over their appropriated amounts for this year.
For the complete story, pick up a copy of this week's Valley Record