By Mark Cowling | Pinal Central
FLORENCE — The town expects to end the fiscal year on June 30 more than $11.5 million in the black but is still facing a lean budget in the new year because of its state-imposed spending limit.
The limit is $30.6 million, more than $1 million less than it was in the old year, because of the town’s population loss, town staff said Monday at a Tow Council work session on the budget.
The town has very little room for emergency projects but plans to use funds that are “excludable” from the spending limit. These include the voter-approved food tax and construction tax, which typically have been saved for very large town construction projects.
