Magnolia Springs council approves new budget

While money is tight, Baldwin County’s newest town has accumulated a surplus that will help in the coming years, an auditor told municipal officials.

The Magnolia Springs Town Council voted Tuesday night to approve a budget for the 2008-09 fiscal year.

While sales tax expectations are down — from $102,000 last year to a projected $80,000 in the new budget — the town will have more money this year when $87,100 in grants and a $40,000 surplus are added in, according to budget reports.

By keeping expenses low since the town was incorporated in 2006, Magnolia Springs has not run up debts that have hit some cities when revenue dropped in recent months

Magnolia Springs council approves new budget