Classifieds Business Directory Jobs Real Estate Autos Legal Notices ePubs Subscribe Archives
Today is October 10, 2015
home newssports feature opinion fyi society obits multimedia

Front Page » January 17, 2012 » Carbon County News » Mid-course correction brings turnaround in Helper budget ...
Published 1,362 days ago

Mid-course correction brings turnaround in Helper budget outlook

Print PageEmail PageShareGet Reprints

Sun Advocate associate editor

A windfall insurance refund and a restructuring of city electric rates have produced a U-turn in the city's budget outlook.

Last month, at the halfway point in the fiscal year, Smuin, Rich and Marsing accountant Doug Rasmussen advised that the city's numbers were heading in the "wrong direction," and the city was facing what could become a $200,000 deficit. More than $60,000 of that, though, was attributed to the state requirement for cities to maintain an undesignated account as a rainy-day fund. That magnified the appearance of the projected deficit, but it is not caused by increased expenses in providing city services.

Since that warning, however, the city got some good news from its health insurance carrier, PHP. The city was entitled to a refund of about $100,000, which will be arriving before the end of June.

The city also expects more than $40,000 to result from new electric rates for Morgantown Machine & Hydraulics, according to Mayor Dean Armstrong. In an interview Thursday, Armstrong said the city invested about $300,000 of its capital budget to install a 1.5 megawatt power line to the facility. It's a dedicated line, meaning that when the power goes out elsewhere in Helper, Morgantown lights will still be on, he said.

Therefore, the company will be in a rate class of its own, paying back gradually on the city's investment.

While the insurance rebate is welcome, it is still only a one-time event, Armstrong noted. "It gives us some breathing room this year, though," he added.

Without a big population or much commercial-industrial tax base, the city relies heavily on its water and electric revenues. The past year, with wetter and cooler conditions, translated into less lawn watering and lighter demand for air conditioning power.

Print PageEmail PageShareGet Reprints

Top of Page

Carbon County News  
January 17, 2012
Recent Local News
Quick Links
Subscribe via RSS
Related Articles  
Related Stories

Best viewed with Firefox
Get Firefox

© Sun Advocate, 2000-2013. All rights reserved. All material found on this website, unless otherwise specified, is copyright and may not be reproduced without the explicit written permission from the publisher of the Sun Advocate.
Legal Notices & Terms of Use    Privacy Policy    Advertising Info    FAQ    Contact Us
  RSS Feeds    News on Your Site    Staff Information    Submitting Content    About Us