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February 12, 2012

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North Las Vegas sees more budget cuts coming

Wednesday, July 21, 2010 | 9:34 p.m.

Shari Buck

Shari Buck

The North Las Vegas City Council heard an update on the city’s finances Wednesday night, and the take-away message was this: Budget cuts have been effective, but there’s more to come.

Alfonso Noyola, the city’s acting director of administrative services and finance, said the city brought in about $800,000 more in consolidated tax revenue than expected during the 2009-2010 fiscal year.

But in upcoming years, the city is expected to see the gap widen between spending and revenue.

“In order to fix that, either revenues must go up or expenditures must go down,” he said.

The city ended this fiscal year with a projected $21.9 million left in its general fund, Noyola said. That’s $2.4 million more than the $19.5 million the city anticipated.

The city is still waiting for May and June consolidated tax revenues to come in, Noyola said.

The assessed valuation for the city is $4.7 billion, the same as it was in 2005. In 2008, the assessed valuation of the city’s properties was $9.1 billion.

“Keep in mind that residential declines have been a significant impact to our city,” Noyola said.

Noyola said that during the next couple of months, the Finance Department’s team will be meeting with other city departments to discuss ways to cut spending.

The finance department has given “some general guidance” for reductions, Noyola said. They include streamlining services, consolidation, increasing fees and reducing services.

After the presentation, none of the council member asked questions.

Mayor Shari Buck said she was hopeful for the city’s future, especially because the city announced that Amonix, a California-based solar power company, will be creating 278 jobs this year.

“I’m not giving up yet,” she said.

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