Vail planning on a budget deficit for 2010
Vail, CO Colorado
VAIL, Colorado –The town of Vail is planning a 2010 budg-et with a $140,000 deficit – a number reached after going over the budget time and time again with a fine-toothed comb.
Some Vail Town Council members are still hoping for a balanced budget by the Oct. 6 second reading but approved the $48.4 mil-lion budget on first reading Tuesday know-ing they have time to make changes.
From cutting capital projects and non-profit contributions to making available $3.2 million from the 2008 general fund sur-plus, the town has cut corners and tried to do everything to balance the budget, Town Manager Stan Zemler said.
Zemler also pointed out that while $ 3.2 million is available, that doesn’t mean the town should or would use it.
Everyone takes a hit when budgets get cut, Councilman Farrow Hitt said. He said he wished he could give everyone every dime they asked for, but the town has “to draw the line somewhere,” he said.
“I think we’ve squeezed this ( budget) as hard as we can,” Hitt said.
Hitt said it’s hard to say no when people come up and tell their stories – at Tues-day’s meeting alone the council heard the need from both the Colorado Ski Museum and Small Champions, a nonprofit that helps children with disabilities.
Hitt said the stories hit home, but the town has to maintain what money it has and put that money in the most economi-cal places.
The next budget reading is scheduled for Oct. 6, and there will be a public comment period.