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Quincy approves $47 million budget

Quincy approves $47 million budget

1 month ago by Scott Hardy

$14.6 million to be spent on infrastructure

The Quincy City Council has approved the city's operating budget for the new fiscal year, which is set to start next week. 

(  Audio 1:53  ) 

The Council Monday night approved third and final reading of the budget, which estimates the city to bring in over $46 million in revenue, while spending just over $47 million. It also calls for a total of $14.6 million in infrastructure spending, and paying $9.4 million to the police and firefighter pension funds. That includes a $3 million subsidy from the General Fund. Both the Police and Fire Departments would hire new officers under the budget, and the City's Transit Lines will spend $150,000 to conduct a study of the routes busses use, and whether they need to adjust those routes. After the meeting, Mayor Mike Troup noted that under the current budget, revenues have been 9 million dollars more than what was expected.

( Mayor Mike Troup :18 )

Mayor Troup said that the city will hold on to the extra revenue for now, in case of any future economic downturn.

( Mayor Mike Troup :27 )

The City is estimating that it will have 22 per cent of expenses in its' rainy-day fund due to the budget. The city's fiscal year budget starts May 1st. Mayor Troup also announced that Patty Maples is likely to be appointed to the 6th Ward aldermanic seat left empty by the resignation of Katie Awerkamp. That appointment could happen as early as next week.

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