The Ascension Parish Council at its Thursday meeting introduced an ordinance for adoption of 2011 annual budget, to be voted on at the Nov. 18 regular meeting.


The Ascension Parish Council at its Thursday meeting introduced an ordinance for adoption of 2011 annual budget, to be voted on at the Nov. 18 regular meeting.

Parish President Tommy Martinez said the budget is based on conservative estimates reflecting the current downturn in national, state and local economics.

Ascension Parish, with its heavy reliance on taxes generated by petrochemical companies on the Mississippi River industrial corridor, has been impacted by the slackening of investments made by those companies.

The 2011 Operating Budget is based on revenues of $67,110,500, compared to $68,940,900 last year.
It features projected expenditures of $63,048,500 compared to $70,092,900 last year.

Capital Budget revenues for 2011 are expected at $48,298,650 compared to $17,887, 900 last year.

Capital expenditures are budgeted at $52,359,650 for 2011, compared to $16,735,900 last year.

Road work in 2011 represents $10,999,500, with drainage budgeted at $23,730,000.

The total Operating and Capital Outlay budge for 2011 is $115,409,150, compared to the 2010 budget of $86,828,800.

Overall, the conservative budget represents a continuance of the essential services required by citizens, and an aggressive Capital Budget that is funded mainly by grants and bond revenue initiated and received in previous years.

Martinez has noted that balancing the General Fund requires a transfer of funds from the 1% Sales & Use Tax Fund, and he has recommended monitoring revenues which flow from the Sales and Use Tax to the General Fund to determine the General Fund’s dependence on the external funds.