CITY FORECASTS BUDGET SURPLUS HIGHER REVENUES, COST SAVINGS ARE CREDITED.Byline: Helen Helen, in Greek mythology, the most beautiful of women; daughter of Leda and Zeus, and sister of Castor and Pollux and Clytemnestra. While still a young girl Helen was abducted to Attica by Theseus and Polydeuces, but Castor and Pollux rescued her. Gao Staff Writer GLENDALE Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. - If everything goes as expected, Glendale will end fiscal 2000-01 with a budget surplus for the eighth consecutive year. The third-quarter budget report, released to the City Council on Tuesday night, projects the city will end the fiscal year with a multimillion- dollar surplus. Revenues are expected to reach $101 million with expenditures expected to total $97.9 million. ``We don't always spend all the money council gives us. That's a good thing. That means our managers are doing their job. Costs aren't running over,'' said Robert Franz Robert Franz (born June 28, 1815 in Halle, Germany; died October 24, 1892 in Dessau) was a German composer, mainly of lieder. He was born Robert Knauth, the son of Christoph Franz Knauth. , director of finance and administrative services. Franz attributes the surplus to higher-than-expected revenues and cost savings. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, the city expects to save $2 million from employee turnover and an additional $859,000 because extraordinary investment returns and other factors have eliminated the need for the city to contribute to the Public Employee Retirement System. In addition, the report noted that revenues increased dramatically in several areas. Landfill gas royalties, which come from the city selling its landfill gas to the Grayson Power Plant for electricity generation, is expected to increase by a whopping 62.1 percent, from $771,000 last year to $1.2 million this year. Franchise tax from Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , the city's cable provider, is forecast to jump by 10.9 percent, from $1.5 million last year to $1.7 million in 2000-01. Sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. revenues are another area where the city is seeing a big increase. The city anticipates collecting $13.8 million in sales tax this year, compared with $13 million last year, an increase of 5.8 percent. Taking into account the budget surplus, the city expects to have a general fund reserve of $44.1 million at the end of this fiscal year. |
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