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Proposed Budget Anticipates Stronger Maplewood Economy

A preliminary 2012-13 budget submitted by City Manager Martin Corcoran accounts for extra sales tax revenues from the expected openings of a Mini Cooper dealership and CVS.

City Manager Martin Corcoran submitted the proposed 2012-2013 fiscal year budget last week.

The introduction on the front page, signed by Corcoran, states that Maplewood’s financial position will continue to improve because of general improvement in the economy.

The expected openings of the and also will generate additional sales tax revenues, Corcoran stated. The would also help, he said. He’s also optimistic that more businesses will move to Maplewood.

The budget doesn't call for new city hires, but accounts for a 2 percent salary increase for all employees and additional 1 percent increase for qualified employees.

Corcoran reports that the budget for all funds will increase $1.4 million, which is an 8.5 percent increase from last year. Revenues are expected to increase by $292,000, or 1.7 percent compared to last year.

Also included in the submitted 2012-2013 budget:

  • $370,000 for new software for the building department, new financial software, and two new police cars
  • $3.3 million for major capital improvements, including Laclede Station Road, Marietta Avenue, Marshall Avenue and Yale Avenue. The City of Maplewood will be reimbursed 80 percent of the cost of the Laclede Station Road Improvement project.

Maplewood City Council is scheduled to vote on the budget during its July 10 meeting. That meeting at is set for 7:30 p.m.

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