CARY – Village officials plan to spend about $3.7 million on capital projects as part of their $19 million budget for the upcoming fiscal year.
The Cary Village Board on Tuesday approved its $19 million spending plan for fiscal 2013-14. The village is expecting to have only $13.5 million in revenue come in.
“The main difference between expenditures and revenues is the village spending of accumulated nongeneral fund balances to make significant investments in village infrastructure and to accelerate completion of major special project initiatives of the Village Board,” according to a memo from village staff to the Village Board.
There are $3.7 million in capital improvement projects, up from $2 million in fiscal 2012-13.
Among the planned capital improvements for this year are $1.25 million in water main improvements on James Way and Margaret Terrace, $761,500 for sewer lining improvements.
The village plans to spend $1.5 million on neighborhood street improvements.
Curb and gutter work also will be added to the Margaret Terrace and West James Way project, said Village Administrator Chris Clark.
The village plans to contribute $180,000 for a joint project with the park district to make improvements on Briargate Road. The Briargate Road project will include parking lot, drainage and pedestrian improvements, Clark said. The park district will fund $320,000 of the project.
The village is budgeting $100,000 for possible economic incentives; whether that would be spent will be based on future discussions by the Village Board.
The village plans to spend $174,000 as part of its second year of the five-year meter replacement program, and there will be $69,000 spent on design work for the Route 14/Jandus Cut Off Road improvement project.
In the spending plan, there is money to replace a squad car, a public works chipper, a one-ton dump truck and snow pusher for parking lot plowing.
The general fund budget, which pays for the police department and public works personnel, among other things, is balanced, with $7.81 million in projected revenues and $7.8 in expected expenditures.
There are no changes in service levels, Clark said.
“This is a hold the line budget,” Clark said.
The budget calls for a 2 percent salary increase for eligible police and public works employees as per union contracts. The village budgeted for a 2 percent merit-based increase for employees not covered by collective bargaining contracts.
During the fiscal year, the village’s finance department plans to focus on the water-billing process and providing electronic billing. The village also plans to bring back a quarterly newsletter that will be phased in for residents during the fiscal year. The village last had a newsletter three or four years ago, Clark said.
The police department plans to add a part-time evidence custodian for $11,000 to help store, maintain and record evidence. The village also has $31,000 budgeted for an administrative intern and part-time secretary.
The village plans to spend $150,000 on communitywide comprehensive plan and zoning ordinance revision consulting services. This would be the first comprehensive plan update since 1993, Clark said.
A municipal codification project to review village ordinances and develop an online resource access also is planned for $30,000.
“We’re glad to move that forward,” Clark said.