5 GOP councilmen urge Corroon to keep coffers full of funds
They call for balances of $30 million and $15 million at least
A letter sent Tuesday to Mayor Peter Corroon's office from the council's five Republican members urges Corroon not to let the county's $40 million fund balance in the general fund dip to less than $30 million.
Council members David Wilde, Mark Crockett, Michael Jensen, Marv Hendrickson and Cort Ashton also encouraged Corroon to keep the county's municipal fund above $15 million.
"The economy is not likely to grow as quickly, and we're less likely to have the economy bail us out of a deficit this year," Crockett said.
Less economic growth coupled with higher energy prices could put the county in a pinch next year, Crockett said, and the council members want to ensure those healthy reserves stay intact.
Chief Administrative Officer Doug Willmore said the mayor's office never had any intention of dipping too deep into those reserves. In fact, he said the mayor's plan is to keep the general fund balance between $35 and $40 million.
"We've never considered it. They sent this letter to the wrong people," he said. "We don't want our fund balances to be low because that puts us in jeopardy."
Some of the fund balance will be drawn down, he said, even if the budget stays flat next year because of rising costs.
Willmore did say that there are far more requests for revenue than there is cash to dole out and many requests will be turned away. But draining down the county's reserves is not an option, he said.
To keep it's AAA bond rating, Crockett noted that the county needs to keep its reserve funds at around $20 million. While those funds will likely be drawn down eventually, Crockett said he hoped the upcoming budget crafting will not do that all in one year.
The letter from the council members also urged Corroon not to use one-time money set aside for capital improvements for ongoing operational expenses. Willmore said Corroon also never intended to dip into those one-time funds.
"We don't want to plug our operational shortfalls with money set aside for capital projects," Crockett said. "That would only set us up for greater disappointment in the future."
E-mail: estewart@desnews.com
Comments
- 16 killed in Somalia 9:23 a.m.
- Mass funeral for massacre victims 9:22 a.m.
- Obama: 'Africa not separate' 9:20 a.m.
- Former cop seeks parole 9:17 a.m.
- 5 hurt in latest Pamplona bull run 8:49 a.m.
- Delay in Jackson guardianship case 8:47 a.m.
- Attempted murder case refiled 1:58 a.m.
- Sports on the air 1:38 a.m.
- This weekend on TV 1:38 a.m.
- Birthdays for Saturday, July 11 1:38 a.m.
- Jazz brass debate Millsap match
- LDS seminary principal arrested
- 2 men cited on LDS plaza
- HBO defends U. logo use in 'Love'
- Jazz finances not quite so bleak
- Reactions on Boozer speculation
- Cash for Clunkers to get rolling soon
- Utahns among Texans' investors
- Teacher faces new sex charges
- Man spots his stolen car
- LDS seminary principal arrested
193 - Bronco collecting a galaxy of recruits
141 - Jazz talking Boozer trade?
137 - Jazz brass debate Millsap match
129 - Blazers may offer Millsap a contract
123 - Stadium of Fire flag burning was fake
94 - Fairness of BCS debated
81 - 2 men cited on LDS plaza
79 - Chaffetz eyes challenging Bennett
75 - Letters: Single-payer system best
75
As more and more dads are put out of work in this economy, I've been...
The photographs are mysterious, brooding, dark. They show dimples and...
It should come as no surprise that American and British casualties have...
Millsap will be an average player in Portland. Roy runs that team and the...
I had to re-read the article after reading these posts. I didn't read...
Many people obviously love Brother Pratt, but my heart goes out to his...
Why does inacceptable behavior become justifiable under the guise of...
I hope I am not speaking too quickly, but in the about ten comments I have...
It is ZION for your information---- for now anyway. Secede?? Why should we...
We could pull out of this recession by extending the Bush tax cuts that are...
| 9:21 a.m. July 10, 2009 I'm not surprised to hear that Sen Bennett is...
It ain't over till the fat lady gets the red dress.


You can be the first to comment on this story.