The City of Sheridan began its budget workshops yesterday. The impacts of low natural gas prices and the economic woes facing the whole nation have encouraged a much leaner budget than in past years. Mayor Dave Kinskey presented a draft budget to the City Council that cuts over 11% from last year’s numbers.
One big expense last year was a large increase in health insurance premiums. A recent change in insurance providers locked in the rates through the next fiscal year. That small piece of good news means premiums will not increase during this budget cycle.
The city will hold daily budget work sessions for the next two weeks at noon in City Hall.
Barring any major changes, the 2009-2010 general fund budget is predicted at nearly $14 million. That does not include capital projects currently underway or scheduled for the end of the 2010 fiscal year.