Gulf Shores adopts 2011 budget

Posted 12/12/10

GULF SHORES — On Monday, the Gulf Shores City Council passed a resolution to adopt the

2011 budget. Council members voted unanimously on the budget that shows

estimated revenues of $27 million and total general fund expenses at

$25.6 …

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Gulf Shores adopts 2011 budget

Posted

GULF SHORES — On Monday, the Gulf Shores City Council passed a resolution to adopt the

2011 budget. Council members voted unanimously on the budget that shows

estimated revenues of $27 million and total general fund expenses at

$25.6 million.

Officials have struggled with projecting revenues based on the unexpected

response from tourism due to the Deepwater Horizon oil spill crisis, but

elected officials continue to work with BP on a downfall guarantee.

"I have had a follow up meeting with BP regarding our proposal, asking them

to guarantee a certain revenue stream next year so that we can work with

knowledge that we¹ve got guaranteed money coming in," said Mayor Robert

Craft.

Craft said he is expecting a letter from BP within the next couple of days,

verifying the concept that would take actual revenue from the first quarter

of 2010 and the second, third and fourth quarters of 2009, and guarantee the

city that amount of revenue plus the addition of the GDP growth factor.