St. Clair Shores Anticipates Budget Surplus
St. Clair Shores anticipates a $1.2 million surplus for the 2011-2012 budget.
The city of St. Clair Shores had projected a shortfall in excess of $800,000 for the 2011-2012 budget, but is now anticipating a $1.2 million surplus.
Mayor Kip Walby announced Monday that the city will not have to dip into the rainy day fund for more than $800,000 to balance the books for the budget year ended which ended June 30.
"We are not short more than $800,000. We are going to take $1.2 million extra and put it in our rainy day fund," said Walby. "We try to be very conservative in what we do."
Walby added that "good stewardship" of the budget by city council and administration during the year led to the surplus and a "financially strong community we all can be proud of."
"We have tried to shrink the government and we have done that over the last number of years in a horrible economy," Walby added.
An exact amount that will be returned to the rainy day fund will be announced in December when Plante & Moran presents the annual audit to St. Clair Shores City Council.