April 26, 2013
Town of Star Valley
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The Star Valley Town Council this week wrestled with its wish list, with $510,683.16 on hand to make its dreams come true.
Star Valley’s Town Council continues to be conservative and cautious with public money.
It’s official — the Town of Star Valley has a $7.1 million budget for the 2013-2014 fiscal year, following the council’s unanimous approval at its June 18 meeting.
Giant reserve totals 40% of spending plan despite drop in tickets
The Star Valley Town Council this week adopted a $7.1 million budget for 2014-2015, which includes a huge $2.8 million reserve fund.
Star Valley now has a home, five acres and a barn
What will Star Valley do with a gutted three-story piecemealed home, a barn, a well and five acres?
On May 3, Star Valley bought five acres for $200,000 in a bankruptcy sale. At tonight’s council meeting, the council will figure out what to do with it.
Within minutes of seating Ronnie McDaniel as the new mayor on May 7, the Star Valley Town Council turned its attention to building a budget. Last year, the council directed staff to maintain a $2.6 million fund reserve at the end of 2012-2013. Town Manager Tim Grier and Finance Administrator Chancy Nutt Tuesday told the council the town will have a $2,618,000 reserve at the end of the fiscal year June 30, 2013.
The Star Valley Town Council will consider appointing a new mayor at its May 7 meeting, just ahead of a May 18 deadline. If the council doesn’t act by then, the town code will require a special election within 90 days.