Billings Approves 2014 Budget - KULR-8 Television, Billings, MT

Billings Approves 2014 Budget

Posted: Updated:
BILLINGS -

The Billings City Council approved a multi-million dollar budget for Fiscal Year 2014, which begins in July.

The budget, termed by city officials as "conservative" and "austere", will provide for almost $260 million in spending. The city expects to take in almost $250 million.

According to City Administrator Tina Volek, the difference stems from various projects the city has planned. She said the city will tap into reserves that were set up specifically for the projects to make up the difference. It was mentioned during the meeting that ongoing negotiation with city workers could affect the 2014 budget.

One of the topics discussed during budget negotiations is the city's future financial health. Volek said during the meeting that the city could face the possibility of dipping into reserves to pay its workers.

"Any moneys that we spend or may need for salaries and so forth, if we take from those reserves...could affect our financial stability. It could affect our bond rating, and certainly could affect the future of Billings," said Mayor Tom Hanel.

"We do have at least three budget years that we know we have covered. that gives us ample time to look at our costs and our revenues, and make adjustments, and we will do that as necessary," said Volek.

In addition to the city budget, the council also agreed to a 2.6% increase in landfill fees, as well as a new landfill use agreement with several neighboring counties and towns.

  • LocalMore>>

  • Laurel Police Seize "Significant" Amount of Marijuana

    Laurel Police Seize "Significant" Amount of Marijuana

    Tuesday, September 2 2014 11:29 AM EDT2014-09-02 15:29:38 GMT
    Laurel police officers seize several marijuana plants, drug paraphernalia, and what they believe to be dried marijuana at a Laurel home early Tuesday morning.
    Laurel police officers seize several marijuana plants, drug paraphernalia, and what they believe to be dried marijuana at a Laurel home early Tuesday morning.
  • Obamacare Means New Tax Form for Users

    Obamacare Means New Tax Form for Users

    Monday, September 1 2014 10:48 PM EDT2014-09-02 02:48:09 GMT
    If you got healthcare through Obamacare in Montana, you need to pay attention to this when it comes to your taxes.
    If you got healthcare through Obamacare in Montana, you need to pay attention to this when it comes to your taxes.
  • Jodi Lightner's Gathered Coherence

    Jodi Lightner's Gathered Coherence

    Monday, September 1 2014 9:26 PM EDT2014-09-02 01:26:11 GMT
    MSU-Billings Annual Faculty Exhibition opened last Thursday at the Northcutt Steele Gallery on campus.
    MSU-Billings Annual Faculty Exhibition opened last Thursday at the Northcutt Steele Gallery on campus.