$9.3 Million Hazleton Budget Breakdown

Downtown Hazleton, PA

Downtown Hazleton, PA (Photo credit: Wikipedia)

A $9.3 million budget proposal prepared by administrators in Hazleton for the upcoming year was developed to more accurately reflect costs incurred in 2013 rather than keep pace with competing budgets submitted this year by the mayor and council, a top city administrator said.

Acting City Administrator Tom Pribula said he looked beyond a year-long budget dispute between the mayor and council and instead focused on 2013 actual expenses when developing a budget for 2015.

“I would say it’s a pretty reasonable budget,” Pribula said of the 2015 proposal. “I would not categorize any fluff, per se, that’s in it. My philosophy from doing budgets for 30-some years is be realistic to the conservative side on your revenues. You don’t want to over-estimate because if you don’t get them, then you don’t have the cash.”

While examining budget trends from previous years, Pribula found that some line item reductions that council and the mayor presented in competing budgets for 2014 weren’t in line with actual expenditures.

Read more: http://standardspeaker.com/news/9-3-million-hazleton-budget-breakdown-1.1785654

Hazleton Moves To Save Money On Fire, Police Pensions

Downtown Hazleton, PA

Downtown Hazleton, PA (Photo credit: Wikipedia)

HAZLETON, PA — The city council approved use of a 75 percent amortization option to calculate its 2015 Minimum Municipal Obligation for the city’s non-uniformed, fire and police pension plans on Tuesday.

Don Williamson, ASCO Financial Services Group president, said although the city status as a distressed city has progressed from Level 3 to Level 2, it is still eligible to contribute to its MMO at a discounted rate for the years 2015 and 2016.

The move will save the city over $1 million dollars per year.

Councilman David Sosar inquired as to whether this would result in an increased financial burden to the city in upcoming years, to which Williamson replied, “I really don’t think so.”

Read more: http://www.timesleader.com/news/local-news/50460903/Hazleton-moves-to-save-money-on-fire-police-pensions