Tuesday, May 18, 2010 | 9:40 p.m.
The North Las Vegas City Council unanimously approved its 2010-2011 budget during a special meeting Tuesday night.
The balanced budget includes the elimination of 204 full-time city jobs and a hiring freeze, which will leave 214 currently vacant positions unfilled for the next year.
The city’s finance department projects $736.8 million in revenue and $736.8 in expenditures for the next fiscal year.
“If you notice, we just talked about our revenues. That matches our expenditures,” said City Assistant Director Alfonso Noyola. “That’s a good thing.”
The city will submit its budget to the state by June 1, said Financial Director Phil Stoeckinger. The state requires cities have a balanced budget.
The budget includes $3.65 million for the library district and $4.73 million for the redevelopment agency.
The fiscal year general fund expenditures for 2011 will be about $52.5 million less than they were during fiscal year 2010, Noyola said.
Public safety costs will account for about two-thirds of general fund expenditures during 2010-2011, Noyola said.
General fund sources of revenue, expected to total $142.4 million, include property taxes at 7 percent of the fund and consolidated tax revenue at 23 percent of the fund.
Other sources include licenses, permits and franchise fees (17 percent), and fines and forfeits (10 percent).
Consolidated tax revenue has been dropping since July 2009, but “you can see the rate of our decline is slowing, which is very good,” Noyola said. “It’s too early to tell, but this is a positive sign.”
About 40 people — many of them city employees — attended the 5 p.m. meeting at City Hall. No one spoke during the public hearing portion of the meeting.
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