Fairhope Council President Says City's on Right "Conservative" Financial Path

Posted by Publisher on
 In what may be one of his last meetings in that role, Council President Lonnie Mixon reported the city will be ending the fiscal year (Oct. 1st) "in the black . . . on solid financial footing."

Mixon cited as evidence:
  • $2.2 million set aside so far for emergency funds (of the needed $6 million) thanks to the sales tax
  • cash in utility funds up to $4 million because of limiting transfers to the general fund
  • debt down to $31 million
  • credit rating improved from A to AA

Some reasons he gave for the improvement:
  • stayed on budget
  • formed a Financial Advisory and Budget Committee
  • cut spending

Mixon predicted the city would reach the financial goals set last year by 2012, if it stayed the course.





Comments

Anonymous said…
i thik its good to take it out of the hands of the tax and spend politicians. they just pander to special interests to get votes. geting re-elected is all they think about.
Friday, October 01, 2010
Anonymous said…
Mr. Mixon has done fantastic for the city of fairhope. now if they could just control the expenses given to all the lawyers.
Monday, October 04, 2010
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