Spring Hill will start next year by rolling over funds. Revenues outpaced spending in the city’s budget leaving a little extra to start 2013.
According to city administrator Jonathan Roberts, the city had a good year in 2012, though he didn’t have exact figures.
“All in all, we’ve done well,” he said. “We’re looking forward to the same type of growth in 2013, and there’s no indication we won’t see that type of growth.”
The city logged its highest number of new residential building permits in the last five years, resale home values increased in the city, and with that came additional assessed valuation.
“It’s not the best year we’ve ever had, but compared to recent history, it’s one of the best,” Roberts said.
Last year, the city was able to utilize its good fortune by purchasing new police equipment, including a police dog; and added staff to city hall, all while maintaining tax rates.
SH looks to start 2013 on right foot