JEFFERSONVILLE — River Ridge Development Authority approved its 2015 budget for $11,370,00 during its monthly meeting Tuesday as it readies for increased activity related to the under-construction east-end bridge.
The budget has continued to grow over the last few years as activity at River Ridge increases exponentially. In 2012, the budget was for $4.3 million. It jumped by another $4 million in 2013 and by 2014 was at $10.1 million.
The biggest budget expense is bond interest at $1.3 million. The next largest single line item is annual Army repayment at $1.24 million, miscellaneous construction and demolition at $1.22 million, bond debt service at $1.1 million and payroll at $1.09 million.
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