The city plans to spend nearly $68 million in the coming 12 months, including $18.5 million in capital improvement projects, according to the fiscal 1995-96 budget expected to be approved Monday.
The total plan is about 7.4 percent more than St. Charles spent in fiscal 1994-95, an increase being attributed mainly to the cost of improving roads and utility service in the city’s largely undeveloped west side.
“We’re on target in our spending plan with our overall growth rate,” Mayor Fred Norris said.
The bulk of the budget, about $51.4 million, is in the realm of public utilities such as sewer, water and electric, which is paid for through user fees and developer contributions.
The general corporate fund spending plan covers $14.3 million in expenditures, including the addition of a patrolman, a receptionist and a human resources employee to the payroll.
On the income side, the city expects to collect slightly more than $3 million in property taxes, which represents about 7.7 percent of the general fund revenues and 4.8 percent of the total intake.
Once again, the general spending plan relies heavily on sales tax revenue, of which St. Charles expects to collect $8.5 million, an anticipated increase of 16.8 percent over last year’s collection.
Improvements include $4 million and $1.4 million to the electrical and water systems, respectively.
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