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Vail proposes 2012 budget

Daily staff report
newsroom@vaildaily.com
Vail, CO Colorado

VAIL, Colorado – Public hearings will take place on Oct. 4 and Oct. 18 as the Vail Town Council reviews the proposed 2012 municipal budget. In anticipation of the upcoming hearings, the $29.2 million draft General Fund annual expenditure plan has been posted to the town’s website at http://www.vailgov.com with an initial presentation to take place during the Sept. 20 Town Council afternoon work session.

The proposed budget for 2012 is slightly higher (0.4 percent) than the 2011 budget and continues to represent a conservative approach to both revenue and expenditures, said Town Manager Stan Zemler. In preparing the draft budget, departments were directed to hold expenses flat with the 2011 budget with no increase in staff. The budget also recommends use of General Fund reserves for commitments to events such as the 2015 Alpine World Championships, 2015 Nation’s Event, USA Pro Cycling Challenge and Vail’s 50th Anniversary celebration.

The budget proposal includes total General Fund revenue of $29.3, which is 0.1 percent less than the 2011 budget and 3.6 percent less than 2010. This includes sales tax projections of $17.8 million, which is flat with projected 2011 collections. Property tax collections are estimated at $4.2 million, down 17 percent from 2011, and are based on the most recent report from the Eagle County Assessor’s Office. Lift tax collections of $3.5 million are projected at a 4 percent increase from 2010, based on the historical trend over the last five years.



General Fund operating expenditures of $29.2 million are proposed for 2012, up 0.4 percent from the amended 2011 budget. New operational expenditures include increased snowmelt from streetscape near Solaris and the new improvements at the LionsHead parking structure, plus utilities for new facilities including the West Vail Fire Station and the LionsHead Transit Center. There are also savings from planned energy enhancement projects totaling nearly $120,000 in 2012.

The town’s operations are proposed to be supported by 284.1 full-time equivalent positions in 2012, down from 284.6 in 2011. A 3 percent merit increase based on employee performance is recommended.

Participate in The Longevity Project

The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.



To comment on the budget in advance of the public hearings, contact the Town Council at 970-479-1860, ext. 8, or email towncouncil@vailgov.com.


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