Oro Valley produces balanced recommended budget

2014-04-10T13:00:00Z 2014-04-11T10:05:04Z Oro Valley produces balanced recommended budgetBy Phil Villarreal Arizona Daily Star Arizona Daily Star

OV Town Manager Greg Caton emphasized capital projects in the fiscal year 2015 budget he has recommended to Town Council.

The budget calls for $107.1 million in spending, a $13.2 million increase from the fiscal year 2014 budget of $93.9 million. The increase is due to leaps in revenues from local sales taxes, state-shared revenues and license and permit fees.

Other priorities in the budget include giving raises to some town employees and investing in town assets and technology.

"The Oro Valley micro-economy is seeing greater recovery than the broader economy," Caton said in a news release. "We are utilizing this one-time revenue from growth to fund important capital projects that will benefit the community."

Capital projects totaling $1.4 million include a new fueling facility, expanded parking facilities at the Oro Valley Aquatic Center, restrooms at Naranja Park, upgrades to the playground at Riverfront Park, a cover for the pump house at Historic Steam Pump Ranch and other projects.

The Town Council will hold its next budget study session at 4 p.m. April 23 at Council Chambers, 11000 N. La Cañada Drive.

Contact reporter Phil Villarreal at pvillarreal@azstarnet.com or 573-4130.

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