Point Blank sets annual budget

Posted

SJNT staff

POINT BLANK — The Point Blank City Council set next fiscal year’s spending amounts, which come to $670,400, mostly to be used on streets.

Mayor Mark Wood said that the city has been spending $100,000-$120,000 a year on street repairs, and while next year’s budget at this time only shows $30,000 allotted, the city is due to receive $533,000 in grants.

That means the city of Point Blank will have more money spent on streets than ever, he said.

Since the city has property tax income, the only income is from franchise taxes, sales tax and short-term rental funds.

“Financially, we’re in good shape; we have over $100,000 in our operating account and $100,000 in the rainy-day fund,” he said.

The budget also contains a grant of $2,200 for the San Jacinto County First Responders, matching what is typically given to the Point Blank Volunteer Fire Department.