Collinsville's finance director shared the city's financial status through 2017 with City Council members and other interested parties during a special meeting before the council meeting Monday evening.
"This budget is a little different because we have a new city manager and he has made some pretty significant changes in the budget," said finance director Tamara Ammann.
Since being named city manager Scott Williams has eliminated a five percent property tax increase, eliminated nine full-time city positions and one part-time position. Eight of the full-time positions were unfilled positions that had been vacated due to attrition. The ninth position, the director of public works position, had been filled.
While the expenditures are projected to remain slightly higher than the city's revenue through 2017, Ammann said the city's general fund should keep the budget on track.
"Ideally, we want to see the revenues higher than the expenditures because otherwise, it's not sustainable, but, I think we'll be okay because we will maintain a balance in the general fund," she said. "It's looking pretty positive."
The 1.25 percent home rule sales tax revenue stream is projected to bring in $3 million in revenue this year. Last year, it brought $2.9 million to the city, Ammann said.
"I think this is a direct reflection of our local economy," she added.
The city's new police chief, Eric Van Hook, was officially sworn in by Collinsville Mayor John Miller during the City Council meeting.