Eagle County commissioners approve 2012 budget | VailDaily.com

Eagle County commissioners approve 2012 budget

Daily staff reportnewsroom@vaildaily.comVail, CO Colorado

EAGLE COUNTY, Colorado – The Board of Commissioners on Tuesday unanimously approved Eagle County’s 2012 budget. As approved, General Fund operating expenditures will be approximately $32 million for 2012, representing a $1 million decrease from 2011. Across all funds, expenditures are budgeted at $89 million and revenues are budgeted at $93 million.The county began preparing in 2009 for reduced revenues in 2012.Projected decreases in property tax collections, sales tax collections and fees were addressed through budget cuts in 2010 and 2011, which included a reduction in full-time employees from 507 to 430 over the last two years. From 2009 to 2012, the county will realize a 20 percent decrease in revenues and a 22 percent decrease in expenditures in its General Fund.In addition, the county had its “AA-/stable” credit rating and outlook affirmed by Standard & Poor’s (S&P) on Dec. 2; a designation that is among the highest of all counties in Colorado.During today’s meeting, the commissioners also approved a total combined mill levy of 8.499 for 2012, an amount which has remained unchanged since 2004. The board will certify mill levies for other taxing districts in the county on Dec. 20.The budget hearing is available for viewing online at http://www.ecotv18.com. For more information on the 2012 budget, contact Lewis at 970-328-3511 or visit http://www.eaglecounty.us/budget.

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