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<br />forthcoming from the consulting engineer's study. Serious thought was <br /> <br />given to expanding the recreation program with a probable full time <br /> <br />director but deferment for the present was deemed best. Needs of the <br /> <br />public library were reviewed and likewise deferred partially to enable <br /> <br />additional dete::.-mination of citizen interest. The Doyle Street extension <br /> <br />project is only part of the desired street development in the general Depot <br /> <br />Street- Wade Street-Doyle Street area. There are numerous other items <br /> <br />of similar nature and value that had to be eliminated in the proces s of <br /> <br />weighing one need against another with consideration to funds available. <br /> <br />Close analysis of the capital outlay portions of the budget <br /> <br />will indicate a trend toward the planned programing of capital expendi- <br /> <br />tures over periods of several years. This is intentional and is believed <br /> <br />to be the basis of sound financing. By attempting to anticipate and <br /> <br />visualize. as best possible. present and future capital needs. and then. <br /> <br />each year appropriate portions of the total fund requirements. a logical <br /> <br />approach is made toward attempting to keep up with the pace of a city <br /> <br />growing in the manner of Martinsville. By this method. the occasions <br /> <br />of long-term debt financing are reduced to those instances wherein major <br /> <br />outlays present no alternative other than incurrence of bonded debt <br /> <br />obligations. <br /> <br />In presenting this budget to the City Council it is recognized <br /> <br />that the Council. not only is entitled. but is urged to take full opportunity <br /> <br />- 22 - <br />