St. Mary Parish President Paul Naquin presented the 2010 fiscal year budget to the Parish Council Wednesday, which calls for $33.5 million in revenues and $36.2 million in expenditures.
If the budget passes as listed, the parish is slated to borrow $2.67 million from its reserves in order to balance its funds, leaving a projected $20 million in the parish's coffers at the end of 2010.
Naquin said highlights of the budget include a 2.5 percent "cost of living" pay raise for all parish employees. "I am happy to report that funds have been allocated for a 2.5 percent employee raise this year which is in keeping with the council's and the administration's desire to provide competitive wages with the private sector in order to maintain a trained, experienced work force."
The Council will hold a budget workshop meeting on Nov 18th, beginning at 4:30 p.m. in council chambers, to discuss the 2010 fiscal plan.
In other business, the Council heard a presentation from CMW Builders, LLC, who are interested in building a gated luxury apartment complex near the corner of La Hwy 182, and La Hwy 3215.
Mike Wick, president and ceo, said the complex will be built with solar and environmentally friendly materials. He said the project will call for 168 units initially, 156 one bedroom 1,000 sq ft apartments, and 12 two bedroom, 1,300 sq ft apartments.
CMW Builders is currently using the Fairfax House in Franklin as its base of operations, as Wick said "it meanders through an unbelievable amount of permitting and zoning issues."
And in another matter, the Parish Council joined the Morgan City Council in passing a resolution opposing that the State wants to demolish the Long-Allen Bridge, the bridge that connects Morgan City to Berwick.
The resolution comes in the wake of rumors by State Department of Transportation and Development Official Bill Fontenot who made the announcement at a St. Mary Parish Council of Governments meeting.
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