The budget remains flat coming in at about $9 million. Expenditures within the general fund remain relatively unchanged as the city continues to operate on a tight budget according to Mayor Evan King.
"As in previous budgets, this is a tight budget. We're hopeful that the economy will improve. Some of the things I've been reading make me hopeful for 2011 on a national level and we certainly hope that holds true for our local economy. I'd like to give credit to Finance Director Roger Freeman and City Manager Pat Crook and our city council for all their input in putting these numbers together and making us financially stable. We're very fortunate in that regard." King said.
The largest change however came in projected revenue due to the approval of a water and sewer rate increase passed earlier this month.
An increase was deemed necessary for the maintenance and upkeep of the municipal water and sewer systems and to alleviate increasing operating costs. Costs, which continue to increase, have caused the water and sewer fund to enter a deficit. A loss of $186,824 is expected this year.
With the increase expected to take place in the spring, Adairsville's 2011 water and sewer fund is projected to create a $274,690 income.