By Allison Walker | Scottsdale Independent
Paradise Valley Town Council met in a study session April 9 to discuss fiscal year 2015-16 budget issues.
Town Manager Kevin Burke outlined four budget policy issues for the town council to address in a presentation during the meeting — including the state expenditure limitation rule, capital improvement programs, sewer fund and employee health insurance.
The Town of Paradise Valley operates under an expenditure limitations rule, which affects the way the city budget is designed, Mr. Burke explained. The town may only spend up to the expenditure limit, a number decided based on spending amounts in 1979.
This creates greater reserves of unspent budget money, but also necessitates budget cuts since the reserve cannot be spent.
