From the Paradise Valley Independent

Things are good in the Town of Paradise Valley as local leaders heard the initial public offering on the municipality’s operating budget for the coming fiscal year.

Paradise Valley Town Council Thursday, April 13 hosted a work session discussion on budget parameters for fiscal year 2017-18 where elected leaders heard reports of more revenue and new town projects in the timeline.

Paradise Valley Town Manager Kevin Burke says fiscal year 2017-18 could be a banner year for the municipality.

“The reopening of two landmark resorts in Paradise Valley along with the strengthening state economy and its related revenue sharing with the town set the tone for a positive fiscal year,” said Mr. Burke in an April 6 memo to members of town council.

Within Mr. Burke’s budget is an earmark of $52 million for the municipality’s total funds budget — a number that also includes capital improvement projects — while the town’s operation budget is pegged at $29.7 million.

“This is a 7.8 percent increase or $2.1 million,” Mr. Burke said. “The vast majority of that can be attributed to the new resorts with the balance coming from state-shared revenues.”

Read the entire article at this link.