Arrow-right Camera

Huckleberries Online

LCDC Proposes $7.8M 2015 Budget

The Lake City Development Corp. has approved a draft budget for 2015, which shows a total reduction of $4.4 million in spending from 2014. A public hearing will be held on the proposal Aug. 20. If approved, it will be remitted to the city of Coeur d'Alene by the Sept. 1 deadline. The draft budget - which will cover fiscal year 2015 from Oct. 1, 2014, to Sept. 30, 2015 - proposes total spending of $7.8 million. LCDC Executive Director Tony Berns estimates the urban renewal agency will take in $8 million in revenues over the same period of time. "This is based on 2013 levy rates," Berns told the LCDC board of directors last week. "So it is a conservative estimate." Berns said property values in the agency's Lake District increased by $20.7 million, which will generate $4.3 million in tax increment revenue. Valuations in the River District increased by $16.3 million, which will generate revenues of $1.9 million/Jeff Selle, Coeur d'Alene Press. More here.


You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online

D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

Follow Dave online: