.....Advertisement.....
.....Advertisement.....

County releases proposed budget

-A A +A

County > Staff projects reversal in downward trend in revenues

By Arin McKenna

For the first time in three years, Los Alamos County staff anticipates a slight increase in county revenues, reversing the downward trend of the past three years.
Gross Receipts Tax (GRT) collection dropped 20 percent during that period, and the county originally projected another 5 percent decrease for FY2015.
Now, with the federal government budget adopted in January 2014, the county projects a 2 percent increase in GRT. Council directed staff to prepare a flat budget, rather than one with another 5 percent reduction in expenditures, as originally proposed.
This is the first year of a new biennial cycle, when staff will present proposed budgets for FY2015 and FY2016.
General Fund revenues for FY2015 are projected to be $1.3 million higher, or 2 percent, than in FY2014, for a total of $56.8 million. The majority of that is due to increased spending from Los Alamos National Laboratory, but the new Smith’s Marketplace is also expected to bump up GRT revenues.
Staff is proposing $46.7 million in expenditures, $1.4 million (or 3 percent) higher in Y2015 than in the FY2014 adopted budget. The majority of the increase is from transferring salaries and benefits for project managers from the CIP fund to the General Fund.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday