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September 17, 2013

GBC reviews budget

Decrease blamed on lack of closure of bingo hall

Athens — The City of Gun Barrel City held a budget workshop on Monday at the Gun Barrel City Hall.

During the two-hour meeting,  City Manager Gerry Boren explained to the council what to anticipate in the budget for the 2013-2014 year that will start on Oct. 1, 2013.

The total 2014 budget the city will be working within will be $3,323,850. Boren said this is a decrease from 2012-2013 of $57,272.

The reason for the decrease in revenue was explained by the lack of revenues received from Golden Age Bingo, which closed earlier this year. In 2012-2013, Gun Barrel received $20,000 in revenue from Bingo.

The other decrease in revenue came from anticipated slower growth within Gun Barrel City. The slower growth is effected by  the lower lake levels according to Boren.

The budget expects to decrease in licensing and permits departments by $26,714 due to lack of building within the city.

Boren said, “The budget is a projected budget, and it all depends on the lake levels.”

He said if the lake comes back next year, the city can expect a much better year than in 2013. Boren said other things factor into the budget, but it all comes down to if the lake levels increase, the city revenue will increase.

The city is anticipating a 2-percent growth in sales-tax revenue for the coming year.

The Gun Barrel City Council is expected to vote and approve the budget at the Sept. 24, 2013 city council meeting.

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