Ardmore City Commissioners held a special meeting Tuesday afternoon to discuss the budget for fiscal year 2019- 2020 which will begin July 1. City Clerk Ken Campbell went over the preliminary figures and commissioners could ask questions and make comments or suggestions.
Campbell said that the city will begin the new year with an estimated $61 million in cash and end the year with an estimated $47 million. The difference is due to major projects currently underway and some in the works.
“We have a lot of projects going on right now,” Campbell said before listing The Clubhouse as an example. “So our expenses are going to be much higher this year.”
Campbell said that most of the expenses are coming from big endeavors and that the new fiscal year will focus on completing those projects. But that’s not to say there won’t be any new major projects in the upcoming year.
Campbell said one new project will involve the installation of infrastructure at Exit 29 to prepare it for future growth. The budgeted cost is tentatively set at $2.7 million. The city will also spend $3.5 million on the Industrial Airpark Wastewater Plant and new lines.
Other large expenses will be $3 million dedicated to street improvements, with another $1 million
dedicated to finishing the downtown streetscape project.
City Manager J.D. Spohn said the numbers are tentative and could potentially be slightly altered in the next few days. A summary of the final proposed budget will be posted in the legal notices of The Ardmoreite on May 19 and 26.
The Board of Commissioners will hold a public hearing on the proposed budget at their meeting on June 3 where citizens can voice any concerns they might have. They will then vote on the final budget at the June 17 meeting, in time to start the new fiscal year July 1.