Avon budget approved
Vail, CO Colorado
AVON, Colorado – The Avon Town Council approved the 2011 annual budget during its meeting Tuesday.
The proposed $25.1 million budget document is available on the Town’s website at http://www.avon.org.-
Overall, the 2011 budget recommends a decrease in expenditures to account for declines in revenue. As in 2010, there are no new municipal services or programs under consideration.
The town anticipates collecting approximately $12.6 million or 54 percent of its operating revenues through an assortment of taxes. The 2011 budget anticipates sales tax collections of $5.1 million.-
The town also collects a 2 percent real estate transfer tax which is charged on all sales of real estate within the Town. Proceeds from this tax help to pay for major capital improvement projects. The transfer tax is anticipated to account for $1.6 million for 2011, down from $1.95 million anticipated for 2010.
Operating expenditures for the town are projected to be at $15 million for 2011, down 11.7 percent from $17 million originally budgeted in 2010. Operating expenses were reduced by $2.3 million in 2010 by cost savings measures that included shortened hours at the Recreation Center, consolidation of transit services, implementation of a town-wide furlough program, salary reduction, workforce reduction, job sharing, freezing positions, and adjustments to the health care plan.-
The 2011 budget for capital projects is $8.032 million. The town was recently awarded a $7.5 million Federal Transit Administration grant for the first phase of a transit facility improvements project at the Swift Gulch property. In addition, maintenance and improvements to roads, bridges, facilities and land are also contained in the capital projects budget. Other projects include:–
• Forest Service land acquisition, $1 million.
• Drainage improvements on Metcalf Road, $800,000.
• Metcalf bicycle climbing lane, $750,000.
• Nottingham Park capital improvements, $100,000.
• U.S. Highway 6 trail from Avon to Post Blvd, $30,000.
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