The Dillon Town Council on Tuesday unanimously approved a budget of more than $8.4 million for 2013. Salaries and benefits for employees take up 40 percent of the budget. Capital projects such as street maintenance and town center improvements claim 16 percent. The remainder goes toward operating costs and debt repayment.
When putting together the proposed 2013 budget this year, town officials kept revenue estimations static because of a sluggish economy. However, the presentation of the finalized budget did show some increases. Total revenues for the 2013 budget increased by more than $110,000 because of an increase in sales tax and lodging tax collections from August and September and updated business licenses, charges for services, interest earnings, water volume charges and marina revenues.
The months of August and September were particularly profitable for the town of Dillon for pulling in revenues related to sales tax, mostly from restaurants and retail.
Officials attribute this to new businesses along the Dillon Ridgeway area such as Spooner's and Einstein Bros Bagels, as well as expansions of existing businesses, including Pug Ryan's Steakhouse and Brewery.
Total expenditures increased from those reported in the proposed 2013 budget by more than $1,800. However, the additional revenues mentioned above "more than covered the increase in expenditures," said finance director Carri McDonnell.
Differences between the 2012 budget and the finalized 2013 budget are minor. In general, expenditures are down due to lower project budgets (having completed the Old Dillon Reservoir project, for example) and the payment in full of the Town Center Phase 1 and 2 bonds and the water treatment plant loan.