City holds off on dishing out $14.2M from budget surplus

AUSTIN (KXAN) — The City of Austin has a budget surplus and will wait before deciding how to spend that money.

City Council members met Tuesday to discuss what to do with the $14.2 million.

One idea was to upgrade the kitchen at the Asian American Resource Center at a cost of about $600,000.

“It was a very unfortunate decision not to go ahead and make those repairs now because we know the costs will only increase,” said councilwoman Kathie Tovo.

But Mayor Lee Leffingwell says that’s not considered an emergency use of the fund and that he wants to see the budget forecast for the 2014-2015 fiscal year first.

“Let’s not be in a rush to spend all that money,” he said. “We may need it.”

City Council will revisit the issue in April when they get the budget forecast. Leffingwell says he would like the surplus to go toward reducing property taxes.

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